Forex Trend Analysis Report
Prepared for you on Friday, February 15, 2019.
Seychelles Rupee/US Dollar (FOREX:SCRUSD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 SCRUSD
The long term trend has been DOWN since May 16th, 2018 at 0.071355
The intermediate term trend has been DOWN since Jan 28th, 2019 at 0.073239
The short term trend has been UP since Feb 14th, 2019 at 0.073510
Smart Scan Analysis for SCRUSD
Based on a pre-defined weighted trend formula for chart analysis, SCRUSD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).