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Forex Trend Analysis Report

Prepared for you on Tuesday, May 28, 2024.

Seychelles Rupee/US Dollar (FOREX:SCRUSD)

Bull Market Weakness (+75) - SCRUSD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SCRUSD as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid SCRUSD?

MarketClub looks at technical strength and momentum to determine if the timing is right for SCRUSD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_SCRUSD
Open High Low SCRUSD Price Change
0.07388724 0.07423084 0.06890577 0.07423084 +0.00034400
Entry Signal

MarketClub’s Trade Triangles for SCRUSD

long term down The long-term trend has been DOWN since Oct 18th, 2023 at 0.07018473

intermediate term up The intermediate-term trend has been UP since May 8th, 2024 at 0.07472711

short term up The short-term trend has been UP since May 22nd, 2024 at 0.07410463

Smart Scan Analysis for SCRUSD

Based on our trend formula, SCRUSD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for SCRUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.07388724 0.07423084 0.06890577 0.07423084 +0.00034400
Prev. Close Volume Bid Ask Time
0.07388724 2024-05-28 22:26:50
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