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Forex Trend Analysis Report

Prepared for you on Wednesday, April 17, 2024.

Solomon Islands Dollar/US Dollar (FOREX:SBDUSD)

Bear Market Rally (-75) - SBDUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SBDUSD as it may be in the beginning of a reversal.

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
0.118 0.118 0.118 0.118 0.000
Entry Signal

MarketClub’s Trade Triangles for SBDUSD

long term down The long-term trend has been DOWN since Feb 21st, 2024 at 0.11750

intermediate term up The intermediate-term trend has been UP since Apr 8th, 2024 at 0.11825

short term down The short-term trend has been DOWN since Apr 9th, 2024 at 0.11800

Smart Scan Analysis for SBDUSD

Based on our trend formula, SBDUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for SBDUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.118 0.118 0.118 0.118 0.000
Prev. Close Volume Bid Ask Time
0.117 2024-04-15 09:55:00
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