Forex Trend Analysis Report
Prepared for you on Wednesday, February 24, 2021.
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 Apr 9th, 2020 at 0.05384118
The intermediate-term trend has been DOWN since Feb 15th, 2021 at 0.03396503
The short-term trend has been UP since Feb 22nd, 2021 at 0.03440273
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).