Forex Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
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.
MarketClub’s Trade Triangles for SBDUSD
The long-term trend has been DOWN since Jul 6th, 2021 at 0.12460
The intermediate-term trend has been DOWN since Sep 27th, 2021 at 0.12410
The short-term trend has been UP since Oct 14th, 2021 at 0.12405
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).