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Forex Trend Analysis Report

Prepared for you on Saturday, December 9, 2023.

Solomon Islands Dollar/US Dollar (FOREX:SBDUSD)

Countertrend Down (-85) - SBDUSD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

Is it time to buy, sell, or avoid SBDUSD?

MarketClub looks at technical strength and momentum to determine if the timing is right for SBDUSD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_SBDUSD
Open High Low SBDUSD Price Change
0.11805 0.11805 0.11805 0.11805 0.00000
Entry Signal

MarketClub’s Trade Triangles for SBDUSD

long term down The long-term trend has been DOWN since Jul 24th, 2023 at 0.11970

intermediate term down The intermediate-term trend has been DOWN since Nov 20th, 2023 at 0.11875

short term up The short-term trend has been UP since Dec 6th, 2023 at 0.11800

Smart Scan Analysis for SBDUSD

Based on our trend formula, SBDUSD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for SBDUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.11805 0.11805 0.11805 0.11805 0.00000
Prev. Close Volume Bid Ask Time
0.11790 2023-12-06 12:40:27
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