Forex Trend Analysis Report
Prepared for you on Monday, April 12, 2021.
Salvadoran Colon/Euro (FOREX:SVCEUR)
Sidelines Mode (+55) - SVCEUR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid SVCEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for SVCEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SVCEUR
The long-term trend has been UP since Mar 7th, 2021 at 0.09544257
The intermediate-term trend has been UP since Mar 7th, 2021 at 0.09493490
The short-term trend has been DOWN since Apr 6th, 2021 at 0.09742419
Smart Scan Analysis for SVCEUR
Based on our trend formula, SVCEUR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).