Forex Trend Analysis Report
Prepared for you on Monday, April 19, 2021.
US Dollar/Solomon Islands Dollar (FOREX:USDSBD)
Bull Market Weakness (+75) - USDSBD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDSBD as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for USDSBD
The long-term trend has been DOWN since Jul 31st, 2020 at 8.261159
The intermediate-term trend has been UP since Apr 1st, 2021 at 7.992770
The short-term trend has been UP since Apr 19th, 2021 at 7.996833
Smart Scan Analysis for USDSBD
Based on our trend formula, USDSBD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).