Forex Trend Analysis Report
Prepared for you on Sunday, December 16, 2018.
Euro/Somali Shilling (FOREX:EURSOS)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
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 EURSOS
The long term trend has been DOWN since May 1st, 2018 at 705.9
The intermediate term trend has been DOWN since Sep 30th, 2018 at 670.2
The short term trend has been UP since Dec 4th, 2018 at 657.8
Smart Scan Analysis for EURSOS
Based on a pre-defined weighted trend formula for chart analysis, EURSOS scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).