Forex Trend Analysis Report
Prepared for you on Saturday, December 7, 2019.
Seychelles Rupee/British Pound (FOREX:SCRGBP)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for SCRGBP
The long term trend has been DOWN since Oct 16th, 2019 at 0.05718800
The intermediate term trend has been UP since Nov 5th, 2019 at 0.06023260
The short term trend has been DOWN since Nov 28th, 2019 at 0.05678481
Smart Scan Analysis for SCRGBP
Based on a pre-defined weighted trend formula for chart analysis, SCRGBP scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).