Forex Trend Analysis Report
Prepared for you on Tuesday, October 19, 2021.
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.
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 Sep 22nd, 2021 at 681.2
The short-term trend has been DOWN since Sep 13th, 2021 at 684.4
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).