Forex Trend Analysis Report
Prepared for you on Monday, November 18, 2019.
US Dollar/Solomon Islands Dollar (FOREX:USDSBD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines 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 USDSBD
The long term trend has been UP since Jun 26th, 2019 at 8.235450
The intermediate term trend has been DOWN since Oct 23rd, 2019 at 8.309418
The short term trend has been UP since Nov 8th, 2019 at 8.267993
Smart Scan Analysis for USDSBD
Based on a pre-defined weighted trend formula for chart analysis, USDSBD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).