Forex Trend Analysis Report
Prepared for you on Tuesday, August 9, 2022.
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 May 12th, 2022 at 8.113624
The intermediate-term trend has been UP since Aug 3rd, 2022 at 8.206979
The short-term trend has been DOWN since Aug 9th, 2022 at 8.237434
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).