Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
Solomon Islands Dollar/US Dollar (FOREX:SBDUSD)
Bull Market Weakness (+75) - SBDUSD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SBDUSD as it may be in the beginning stages 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.
MarketClub’s Trade Triangles for SBDUSD
The long-term trend has been UP since Jul 31st, 2020 at 0.1211
The intermediate-term trend has been DOWN since Feb 9th, 2021 at 0.1246
The short-term trend has been UP since Feb 23rd, 2021 at 0.1250
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).