Forex Trend Analysis Report
Prepared for you on Saturday, October 16, 2021.
/US Dollar (FOREX:SLLUSD)
Long-Term Downtrend (-90) - SLLUSD is in a strong downtrend that is likely to continue. While SLLUSD 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 SLLUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for SLLUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SLLUSD
The long-term trend has been DOWN since May 8th, 2020 at 0.00010263
The intermediate-term trend has been DOWN since Aug 4th, 2021 at 0.00009752
The short-term trend has been DOWN since Aug 4th, 2021 at 0.00009755
Smart Scan Analysis for SLLUSD
Based on our trend formula, SLLUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).