Forex Trend Analysis Report
Prepared for you on Tuesday, May 21, 2019.
US Dollar/Seychelles Rupee (FOREX:USDSCR)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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 USDSCR
The long term trend has been UP since Mar 12th, 2019 at 13.9455
The intermediate term trend has been DOWN since Apr 8th, 2019 at 13.6550
The short term trend has been DOWN since May 9th, 2019 at 13.5825
Smart Scan Analysis for USDSCR
Based on a pre-defined weighted trend formula for chart analysis, USDSCR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).