Forex Trend Analysis Report
Prepared for you on Sunday, January 16, 2022.
US Dollar/Salvadoran Colon (FOREX:USDSVC)
Sidelines Mode (+50) - USDSVC is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until USDSVC can gain momentum.
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.
MarketClub’s Trade Triangles for USDSVC
The long-term trend has been DOWN since Dec 12th, 2021 at 8.726139
The intermediate-term trend has been UP since Dec 28th, 2021 at 8.768652
The short-term trend has been UP since Dec 26th, 2021 at 8.753640
Smart Scan Analysis for USDSVC
Based on our trend formula, USDSVC is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).