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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.

FOREX_USDSVC
Open High Low USDSVC Price Change
8.751306 8.751306 8.751306 8.751306 0.000000
Entry Signal

MarketClub’s Trade Triangles for USDSVC

long term up The long-term trend has been UP since Apr 17th, 2023 at 8.759607

intermediate term up The intermediate-term trend has been UP since May 28th, 2023 at 8.756739

short term up 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).

+80
Smart Scan Analysis for USDSVC
Strong Downtrend Sideways 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
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