Forex Trend Analysis Report
Prepared for you on Tuesday, August 4, 2020.
US Dollar/Salvadoran Colon (FOREX:USDSVC)
Weak Uptrend (+65) - USDSVC is showing signs of weakening momentum to the upside. Monitor USDSVC as it may be in the beginning stages of a reversal.
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 May 13th, 2020 at 8.768748
The intermediate-term trend has been UP since Jul 27th, 2020 at 8.749945
The short-term trend has been DOWN since Jul 29th, 2020 at 8.748410
Smart Scan Analysis for USDSVC
Based on our trend formula, USDSVC is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).