Forex Trend Analysis Report
Prepared for you on Tuesday, July 5, 2022.
Euro/Somali Shilling (FOREX:EURSOS)
Strong Downtrend (-100) - EURSOS is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, EURSOS continues to fall. Traders should use caution and set stops.
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.
MarketClub’s Trade Triangles for EURSOS
The long-term trend has been DOWN since Aug 9th, 2021 at 681.0
The intermediate-term trend has been DOWN since Jun 28th, 2022 at 612.8
The short-term trend has been DOWN since Jun 10th, 2022 at 618.9
Smart Scan Analysis for EURSOS
Based on our trend formula, EURSOS is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).