Forex Trend Analysis Report
Prepared for you on Friday, February 22, 2019.
Salvadoran Colon/US Dollar (FOREX:SVCUSD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 SVCUSD
The long term trend has been UP since Jan 9th, 2019 at 0.11518
The intermediate term trend has been UP since Jan 3rd, 2019 at 0.11463
The short term trend has been DOWN since Feb 19th, 2019 at 0.11436
Smart Scan Analysis for SVCUSD
Based on a pre-defined weighted trend formula for chart analysis, SVCUSD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).