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Forex Trend Analysis Report

Prepared for you on Friday, May 24, 2024.

Solomon Islands Dollar/US Dollar (FOREX:SBDUSD)

Sidelines Mode (-55) - SBDUSD 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 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
0.118 0.118 0.118 0.118 0.000
Entry Signal

MarketClub’s Trade Triangles for SBDUSD

long term down The long-term trend has been DOWN since Feb 21st, 2024 at 0.1175

intermediate term down The intermediate-term trend has been DOWN since Apr 23rd, 2024 at 0.1178

short term up The short-term trend has been UP since May 24th, 2024 at 0.1179

Smart Scan Analysis for SBDUSD

Based on our trend formula, SBDUSD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for SBDUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.118 0.118 0.118 0.118 0.000
Prev. Close Volume Bid Ask Time
0.118 2024-05-24 11:05:18
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