Forex Trend Analysis Report
Prepared for you on Thursday, May 13, 2021.
Salvadoran Colon/British Pound (FOREX:SVCGBP)
Strong Downtrend (-100) - SVCGBP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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.
MarketClub’s Trade Triangles for SVCGBP
The long-term trend has been DOWN since Jul 9th, 2020 at 0.09047375
The intermediate-term trend has been DOWN since Apr 18th, 2021 at 0.08256213
The short-term trend has been DOWN since Apr 18th, 2021 at 0.08265784
Smart Scan Analysis for SVCGBP
Based on our trend formula, SVCGBP is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).