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.
MarketClub’s Trade Triangles for USDSBD
The long-term trend has been UP since Jul 6th, 2021 at 8.025703
The intermediate-term trend has been DOWN since Oct 22nd, 2021 at 8.048322
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).