Forex Trend Analysis Report
Prepared for you on Thursday, March 30, 2023.
Solomon Islands Dollar/US Dollar (FOREX:SBDUSD)
Sidelines Mode (+50) - SBDUSD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until SBDUSD can gain momentum.
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 Dec 23rd, 2022 at 0.12150
The intermediate-term trend has been UP since Mar 10th, 2023 at 0.12150
The short-term trend has been UP since Mar 10th, 2023 at 0.12115
Smart Scan Analysis for SBDUSD
Based on our trend formula, SBDUSD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).