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Forex Trend Analysis Report

Prepared for you on Tuesday, May 21, 2024.

US Dollar/Seychelles Rupee (FOREX:USDSCR)

Sidelines Mode (-55) - USDSCR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid USDSCR?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDSCR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDSCR
Open High Low USDSCR Price Change
14.585000 14.585002 13.571998 13.571998 -1.013002
Entry Signal

MarketClub’s Trade Triangles for USDSCR

long term up The long-term trend has been UP since Oct 18th, 2023 at 14.312000

intermediate term down The intermediate-term trend has been DOWN since May 8th, 2024 at 13.446458

short term up The short-term trend has been UP since May 17th, 2024 at 14.568634

Smart Scan Analysis for USDSCR

Based on our trend formula, USDSCR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for USDSCR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
14.585000 14.585002 13.571998 13.571998 -1.013002
Prev. Close Volume Bid Ask Time
14.585000 2024-05-21 08:36:31
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