Forex Trend Analysis Report
Prepared for you on Monday, October 19, 2020.
Seychelles Rupee/Euro (FOREX:SCREUR)
Long-Term Downtrend (-90) - SCREUR is in a strong downtrend that is likely to continue. While SCREUR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid SCREUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for SCREUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SCREUR
The long-term trend has been DOWN since Jun 22nd, 2020 at 0.05062907
The intermediate-term trend has been DOWN since Oct 9th, 2020 at 0.04692814
The short-term trend has been DOWN since Oct 19th, 2020 at 0.04702546
Smart Scan Analysis for SCREUR
Based on our trend formula, SCREUR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).