Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Wednesday, April 17, 2024.

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.

FOREX_USDSBD
Open High Low USDSBD Price Change
8.475185 8.475185 8.475185 8.475185 0.000000
Entry Signal

MarketClub’s Trade Triangles for USDSBD

long term up The long-term trend has been UP since Feb 21st, 2024 at 8.514493

intermediate term down The intermediate-term trend has been DOWN since Apr 8th, 2024 at 8.457605

short term up The short-term trend has been UP since Apr 9th, 2024 at 8.475185

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).

-55
Smart Scan Analysis for USDSBD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.475185 8.475185 8.475185 8.475185 0.000000
Prev. Close Volume Bid Ask Time
8.514386 2024-04-15 09:55:00
Get a free daily analysis and signals for US Dollar/Solomon Islands Dollar (USDSBD) - Request Your Free Report.