Forex Trend Analysis Report
Prepared for you on Monday, March 8, 2021.
US Dollar/Solomon Islands Dollar (FOREX:USDSBD)
Strong Downtrend (-100) - USDSBD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 DOWN since Jul 31st, 2020 at 8.261159
The intermediate-term trend has been DOWN since Mar 2nd, 2021 at 7.984827
The short-term trend has been DOWN since Feb 23rd, 2021 at 8.000620
Smart Scan Analysis for USDSBD
Based on our trend formula, USDSBD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).