Forex Trend Analysis Report
Prepared for you on Wednesday, February 24, 2021.
Euro/Salvadoran Colon (FOREX:EURSVC)
Countertrend Up (+85) - EURSVC is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid EURSVC?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURSVC.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURSVC
The long-term trend has been UP since Nov 27th, 2020 at 10.413
The intermediate-term trend has been UP since Feb 23rd, 2021 at 10.611
The short-term trend has been UP since Feb 23rd, 2021 at 10.611
Smart Scan Analysis for EURSVC
Based on our trend formula, EURSVC is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).