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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Euro/Somali Shilling (FOREX:EURSOS)
Countertrend Up (+85) - EURSOS is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid EURSOS?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURSOS.
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 EURSOS
The long-term trend has been UP since Jul 15th, 2024 at 622.3
The intermediate-term trend has been UP since Jul 7th, 2024 at 617.3
The short-term trend has been DOWN since Jul 21st, 2024 at 622.9
Smart Scan Analysis for EURSOS
Based on our trend formula, EURSOS is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 620.4 | 620.4 | 620.4 | 620.4 | 0.0 |
| Prev. Close | Volume | Bid | Ask | Time |
| 620.4 | 2024-07-26 14:00:16 |