Forex Trend Analysis Report
Prepared for you on Sunday, May 27, 2018.
Somali Shilling/British Pound (FOREX:SOSGBP)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 SOSGBP
The long term trend has been UP since May 1st, 2018 at 0.00125
The intermediate term trend has been UP since Apr 25th, 2018 at 0.00122
The short term trend has been UP since May 1st, 2018 at 0.00124
Smart Scan Analysis for SOSGBP
Based on a pre-defined weighted trend formula for chart analysis, SOSGBP scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).