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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.

FOREX_USDSBD
Open High Low USDSBD Price Change
8.233909 8.233909 8.233909 8.233909 0.000000
Entry Signal

MarketClub’s Trade Triangles for USDSBD

long term up The long-term trend has been UP since May 12th, 2022 at 8.113624

intermediate term up The intermediate-term trend has been UP since Aug 3rd, 2022 at 8.206979

short term down 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).

+55
Smart Scan Analysis for USDSBD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.233909 8.233909 8.233909 8.233909 0.000000
Prev. Close Volume Bid Ask Time
8.233909 2022-08-09 13:42:08
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