Forex Trend Analysis Report
Prepared for you on Saturday, February 23, 2019.
Euro/Salvadoran Colon (FOREX:EURSVC)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 EURSVC
The long term trend has been DOWN since Apr 29th, 2018 at 10.662
The intermediate term trend has been DOWN since Feb 10th, 2019 at 9.939
The short term trend has been UP since Feb 19th, 2019 at 9.873
Smart Scan Analysis for EURSVC
Based on a pre-defined weighted trend formula for chart analysis, EURSVC scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).