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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
US Dollar/Somali Shilling (FOREX:USDSOS)
Bull Market Weakness (+75) - USDSOS is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDSOS as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid USDSOS?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDSOS.
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 USDSOS
The long-term trend has been UP since Apr 10th, 2024 at 573.11571
The intermediate-term trend has been UP since Apr 10th, 2024 at 573.11571
The short-term trend has been UP since May 7th, 2024 at 571.30362
Smart Scan Analysis for USDSOS
Based on our trend formula, USDSOS is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 571.6016 | 571.6016 | 571.0000 | 571.0000 | -0.6016 |
| Prev. Close | Volume | Bid | Ask | Time |
| 571.6016 | 2024-05-09 13:14:58 |