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.
MarketClub’s Trade Triangles for SBDUSD
The long-term trend has been DOWN since Jul 24th, 2023 at 0.11970
The intermediate-term trend has been DOWN since Nov 20th, 2023 at 0.11875
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).