Forex Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
Seychelles Rupee/British Pound (FOREX:SCRGBP)
Countertrend Down (-85) - SCRGBP is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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 Nov 14th, 2023 at 0.05551410
The intermediate-term trend has been DOWN since Oct 18th, 2023 at 0.05807344
The short-term trend has been UP since Nov 29th, 2023 at 0.05987642
Smart Scan Analysis for SCRGBP
Based on our trend formula, SCRGBP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).