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Forex Trend Analysis Report

Prepared for you on Thursday, December 26, 2024.

Euro/Somali Shilling (FOREX:EURSOS)

Long-Term Downtrend (-90) - EURSOS is in a strong downtrend that is likely to continue. While EURSOS is showing intraday strength, it remains in the confines of a bearish trend. 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.

FOREX_EURSOS
Open High Low EURSOS Price Change
593.9 593.9 593.9 593.9 0.0
Entry Signal

MarketClub’s Trade Triangles for EURSOS

long term down The long-term trend has been DOWN since Nov 7th, 2024 at 615.9

intermediate term down The intermediate-term trend has been DOWN since Dec 13th, 2024 at 600.4

short term down The short-term trend has been DOWN since Dec 13th, 2024 at 600.4

Smart Scan Analysis for EURSOS

Based on our trend formula, EURSOS is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for EURSOS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
593.9 593.9 593.9 593.9 0.0
Prev. Close Volume Bid Ask Time
594.1 2024-12-21 08:23:57
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