Forex Trend Analysis Report
Prepared for you on Thursday, September 19, 2019.
Euro/Seychelles Rupee (FOREX:EURSCR)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for EURSCR
The long term trend has been DOWN since Jul 8th, 2019 at 15.110
The intermediate term trend has been UP since Sep 18th, 2019 at 15.274
The short term trend has been UP since Sep 19th, 2019 at 15.287
Smart Scan Analysis for EURSCR
Based on a pre-defined weighted trend formula for chart analysis, EURSCR scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).