Forex Trend Analysis Report
Prepared for you on Thursday, November 30, 2023.
Saint Helenian Pound/US Dollar (FOREX:SHPUSD)
Sidelines Mode (+50) - SHPUSD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until SHPUSD can gain momentum.
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 Sep 15th, 2023 at 1.24365
The intermediate-term trend has been UP since Nov 3rd, 2023 at 1.23145
The short-term trend has been UP since Nov 3rd, 2023 at 1.22200
Smart Scan Analysis for SHPUSD
Based on our trend formula, SHPUSD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).