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Forex Trend Analysis Report
Prepared for you on Monday, June 5, 2023.
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.
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MarketClub’s Trade Triangles for USDSVC
The long-term trend has been UP since Apr 17th, 2023 at 8.759607
The intermediate-term trend has been UP since May 28th, 2023 at 8.756739
The short-term trend has been UP since May 4th, 2023 at 8.755723
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 8.751306 | 8.751306 | 8.751306 | 8.751306 | 0.000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 8.782921 | 2023-06-02 07:26:53 |