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Forex Trend Analysis Report
Prepared for you on Wednesday, January 29, 2025.
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.
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MarketClub’s Trade Triangles for USDSBD
The long-term trend has been UP since Jan 9th, 2025 at 8.383555
The intermediate-term trend has been UP since Jan 13th, 2025 at 8.439420
The short-term trend has been DOWN since Jan 28th, 2025 at 8.454106
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 8.439420 | 8.439420 | 8.435801 | 8.435801 | -0.003619 |
| Prev. Close | Volume | Bid | Ask | Time |
| 8.439420 | 2025-01-29 13:18:59 |