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Forex Trend Analysis Report

Prepared for you on Sunday, October 24, 2021.

US Dollar/Solomon Islands Dollar (FOREX:USDSBD)

Weak Downtrend (-65) - USDSBD is showing signs of a strengthening downtrend. Monitor USDSBD as it may be building momentum to the downside.

Is it time to buy, sell, or avoid USDSBD?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDSBD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDSBD
Open High Low USDSBD Price Change
8.104771 8.104771 8.032175 8.032175 -0.072596
Entry Signal

MarketClub’s Trade Triangles for USDSBD

long term up The long-term trend has been UP since Jul 6th, 2021 at 8.025703

intermediate term down The intermediate-term trend has been DOWN since Oct 22nd, 2021 at 8.048322

short term down The short-term trend has been DOWN since Oct 22nd, 2021 at 8.048322

Smart Scan Analysis for USDSBD

Based on our trend formula, USDSBD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for USDSBD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.104771 8.104771 8.032175 8.032175 -0.072596
Prev. Close Volume Bid Ask Time
8.104771 2021-10-22 13:03:32
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