Forex Trend Analysis Report
Prepared for you on Saturday, February 23, 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 Jan 9th, 2019 at 8.68720
The intermediate term trend has been DOWN since Jan 3rd, 2019 at 8.72875
The short term trend has been UP since Feb 21st, 2019 at 8.75430
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).