Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
Saint Helenian Pound/US Dollar (FOREX:SHPUSD)
Bear Market Rally (-75) - SHPUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SHPUSD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid SHPUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for SHPUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SHPUSD
The long-term trend has been DOWN since Mar 16th, 2020 at 1.29245
The intermediate-term trend has been DOWN since May 11th, 2020 at 1.22870
The short-term trend has been UP since May 28th, 2020 at 1.22480
Smart Scan Analysis for SHPUSD
Based on our trend formula, SHPUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).