Forex Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
US Dollar/Salvadoran Colon (FOREX:USDSVC)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 USDSVC
The long term trend has been DOWN since Jun 23rd, 2019 at 8.69315
The intermediate term trend has been DOWN since Sep 9th, 2019 at 8.73875
The short term trend has been UP since Sep 18th, 2019 at 8.74990
Smart Scan Analysis for USDSVC
Based on a pre-defined weighted trend formula for chart analysis, USDSVC scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).