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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

US Dollar/Salvadoran Colon (FOREX:USDSVC)

Countertrend Up (+85) - USDSVC is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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

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

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

FOREX_USDSVC
Open High Low USDSVC Price Change
8.750006 8.777539 8.750006 8.777539 +0.027533
Entry Signal

MarketClub’s Trade Triangles for USDSVC

long term up The long-term trend has been UP since Dec 5th, 2023 at 8.757449

intermediate term up The intermediate-term trend has been UP since Mar 18th, 2024 at 8.760460

short term up The short-term trend has been UP since Mar 12th, 2024 at 8.745906

Smart Scan Analysis for USDSVC

Based on our trend formula, USDSVC is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for USDSVC
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.750006 8.777539 8.750006 8.777539 +0.027533
Prev. Close Volume Bid Ask Time
8.750006 2024-03-18 22:07:02
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