Forex Trend Analysis Report
Prepared for you on Saturday, July 11, 2020.
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.
MarketClub’s Trade Triangles for SCRGBP
The long-term trend has been DOWN since Apr 9th, 2020 at 0.05384118
The intermediate-term trend has been DOWN since Jun 22nd, 2020 at 0.04451285
The short-term trend has been DOWN since Jul 3rd, 2020 at 0.04486060
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).