Forex Trend Analysis Report
Prepared for you on Tuesday, July 5, 2022.
Solomon Islands Dollar/US Dollar (FOREX:SBDUSD)
Long-Term Downtrend (-90) - SBDUSD is in a strong downtrend that is likely to continue. While SBDUSD is showing intraday strength, it remains in the confines of a bearish trend. 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.
MarketClub’s Trade Triangles for SBDUSD
The long-term trend has been DOWN since May 12th, 2022 at 0.12325
The intermediate-term trend has been DOWN since Jun 22nd, 2022 at 0.12315
The short-term trend has been DOWN since Jun 22nd, 2022 at 0.12315
Smart Scan Analysis for SBDUSD
Based on our trend formula, SBDUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).