Forex Trend Analysis Report
Prepared for you on Sunday, August 18, 2019.
Solomon Islands Dollar/US Dollar (FOREX:SBDUSD)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for SBDUSD
The long term trend has been DOWN since Jun 26th, 2019 at 0.1216
The intermediate term trend has been UP since Aug 5th, 2019 at 0.1216
The short term trend has been UP since Jul 24th, 2019 at 0.1211
Smart Scan Analysis for SBDUSD
Based on a pre-defined weighted trend formula for chart analysis, SBDUSD scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).