Forex Trend Analysis Report
Prepared for you on Saturday, December 4, 2021.
Salvadoran Colon/US Dollar (FOREX:SVCUSD)
Sidelines Mode (+50) - SVCUSD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until SVCUSD can gain momentum.
Is it time to buy, sell, or avoid SVCUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for SVCUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SVCUSD
The long-term trend has been DOWN since Jun 13th, 2021 at 0.11397291
The intermediate-term trend has been UP since Dec 4th, 2021 at 0.11441608
The short-term trend has been UP since Dec 4th, 2021 at 0.11439079
Smart Scan Analysis for SVCUSD
Based on our trend formula, SVCUSD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).