Forex Trend Analysis Report
Prepared for you on Friday, May 24, 2019.
US Dollar/Salvadoran Colon (FOREX:USDSVC)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
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 USDSVC
The long term trend has been DOWN since Jan 9th, 2019 at 8.68720
The intermediate term trend has been UP since May 22nd, 2019 at 8.75720
The short term trend has been UP since May 19th, 2019 at 8.75095
Smart Scan Analysis for USDSVC
Based on a pre-defined weighted trend formula for chart analysis, USDSVC scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).