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Forex Trend Analysis Report

Prepared for you on Monday, June 17, 2024.

Seychelles Rupee/British Pound (FOREX:SCRGBP)

Long-Term Downtrend (-90) - SCRGBP is in a strong downtrend that is likely to continue. While SCRGBP 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 SCRGBP?

MarketClub looks at technical strength and momentum to determine if the timing is right for SCRGBP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_SCRGBP
Open High Low SCRGBP Price Change
0.05604216 0.05604216 0.05604117 0.05604117 -0.00000100
Entry Signal

MarketClub’s Trade Triangles for SCRGBP

long term down The long-term trend has been DOWN since Nov 14th, 2023 at 0.05551410

intermediate term down The intermediate-term trend has been DOWN since May 27th, 2024 at 0.05408533

short term down The short-term trend has been DOWN since Jun 7th, 2024 at 0.05375963

Smart Scan Analysis for SCRGBP

Based on our trend formula, SCRGBP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for SCRGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.05604216 0.05604216 0.05604117 0.05604117 -0.00000100
Prev. Close Volume Bid Ask Time
0.05604216 2024-06-17 01:21:03
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