Forex Trend Analysis Report
Prepared for you on Monday, October 2, 2023.
US Dollar/Solomon Islands Dollar (FOREX:USDSBD)
Sidelines Mode (+55) - USDSBD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 24th, 2023 at 8.355059
The intermediate-term trend has been UP since Aug 17th, 2023 at 8.369045
The short-term trend has been DOWN since Sep 25th, 2023 at 8.408143
Smart Scan Analysis for USDSBD
Based on our trend formula, USDSBD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).