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Forex Trend Analysis Report

Prepared for you on Friday, June 5, 2020.

Solomon Islands Dollar/US Dollar (FOREX:SBDUSD)

Strong Downtrend (-100) - SBDUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. 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.

FOREX_SBDUSD
Open High Low SBDUSD Price Change
0.1201 0.1202 0.1195 0.1195 -0.0006
Entry Signal

MarketClub’s Trade Triangles for SBDUSD

long term down The long-term trend has been DOWN since May 15th, 2020 at 0.12000

intermediate term down The intermediate-term trend has been DOWN since May 15th, 2020 at 0.12000

short term down The short-term trend has been DOWN since Jun 5th, 2020 at 0.11975

Smart Scan Analysis for SBDUSD

Based on our trend formula, SBDUSD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for SBDUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.1201 0.1202 0.1195 0.1195 -0.0006
Prev. Close Volume Bid Ask Time
0.1201 0.1170 0.1220 2020-06-05 20:13:13
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