Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Somali Shilling/US Dollar (FOREX:SOSUSD)
Sidelines Mode (+50) - SOSUSD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until SOSUSD can gain momentum.
Is it time to buy, sell, or avoid SOSUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for SOSUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for SOSUSD
The long-term trend has been DOWN since Apr 10th, 2024 at 0.00175419
The intermediate-term trend has been UP since Apr 17th, 2024 at 0.00176176
The short-term trend has been UP since May 1st, 2024 at 0.00175768
Smart Scan Analysis for SOSUSD
Based on our trend formula, SOSUSD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00175694 | 0.00175694 | 0.00175694 | 0.00175694 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00175694 | 2024-05-09 07:26:26 |