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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Solomon Islands Dollar/US Dollar (FOREX:SBDUSD)
Long-Term Downtrend (-90) - SBDUSD is in a strong downtrend that is likely to continue. While SBDUSD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid SBDUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for SBDUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for SBDUSD
The long-term trend has been DOWN since Feb 21st, 2024 at 0.1175
The intermediate-term trend has been DOWN since Apr 23rd, 2024 at 0.1178
The short-term trend has been DOWN since May 7th, 2024 at 0.1178
Smart Scan Analysis for SBDUSD
Based on our trend formula, SBDUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.11775 | 0.11775 | 0.11775 | 0.11775 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.11775 | 2024-05-08 16:25:02 |