Forex Trend Analysis Report
Prepared for you on Monday, July 15, 2019.
Salvadoran Colon/US Dollar (FOREX:SVCUSD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.
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 Jun 23rd, 2019 at 0.115100
The intermediate term trend has been UP since Jun 23rd, 2019 at 0.114915
The short term trend has been UP since Jul 9th, 2019 at 0.114265
Smart Scan Analysis for SVCUSD
Based on a pre-defined weighted trend formula for chart analysis, SVCUSD scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).