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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Salvadoran Colon/British Pound (FOREX:SVCGBP)
Bear Market Rally (-75) - SVCGBP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SVCGBP as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid SVCGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SVCGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for SVCGBP
The long-term trend has been DOWN since Jun 10th, 2024 at 0.08931250
The intermediate-term trend has been DOWN since Jul 7th, 2024 at 0.08964092
The short-term trend has been UP since Jul 21st, 2024 at 0.08816111
Smart Scan Analysis for SVCGBP
Based on our trend formula, SVCGBP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.08887292 | 0.08888188 | 0.08887292 | 0.08888188 | +0.00000900 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.08887292 | 2024-07-26 14:00:13 |