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Forex Trend Analysis Report

Prepared for you on Tuesday, October 26, 2021.

Salvadoran Colon/US Dollar (FOREX:SVCUSD)

Long-Term Downtrend (-90) - SVCUSD is in a strong downtrend that is likely to continue. While SVCUSD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid SVCUSD?

MarketClub looks at technical strength and momentum to determine if the timing is right for SVCUSD.

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FOREX_SVCUSD
Open High Low SVCUSD Price Change
0.11434988 0.11434988 0.11415313 0.11415313 -0.00019700
Entry Signal

MarketClub’s Trade Triangles for SVCUSD

long term down The long-term trend has been DOWN since Jun 13th, 2021 at 0.11397291

intermediate term down The intermediate-term trend has been DOWN since Oct 25th, 2021 at 0.11424278

short term down The short-term trend has been DOWN since Oct 25th, 2021 at 0.11424278

Smart Scan Analysis for SVCUSD

Based on our trend formula, SVCUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for SVCUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.11434988 0.11434988 0.11415313 0.11415313 -0.00019700
Prev. Close Volume Bid Ask Time
0.11436255 2021-10-25 21:08:34
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