Forex Trend Analysis Report
Prepared for you on Wednesday, October 20, 2021.
Seychelles Rupee/British Pound (FOREX:SCRGBP)
Sidelines Mode (+55) - SCRGBP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
MarketClub’s Trade Triangles for SCRGBP
The long-term trend has been UP since Apr 1st, 2021 at 0.03583716
The intermediate-term trend has been DOWN since Oct 15th, 2021 at 0.04929736
The short-term trend has been UP since Oct 19th, 2021 at 0.05648909
Smart Scan Analysis for SCRGBP
Based on our trend formula, SCRGBP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).