Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
US Dollar/Salvadoran Colon (FOREX:USDSVC)
Sidelines Mode (-55) - USDSVC is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid USDSVC?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDSVC.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDSVC
The long-term trend has been UP since Dec 31st, 2020 at 8.775643
The intermediate-term trend has been DOWN since Feb 9th, 2021 at 8.746747
The short-term trend has been UP since Feb 17th, 2021 at 8.755142
Smart Scan Analysis for USDSVC
Based on our trend formula, USDSVC is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).