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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.

FOREX_EURSOS
Open High Low EURSOS Price Change
671.7 671.7 671.7 671.7 0.0
Entry Signal

MarketClub’s Trade Triangles for EURSOS

long term down The long-term trend has been DOWN since Aug 9th, 2021 at 681.0

intermediate term down The intermediate-term trend has been DOWN since Sep 22nd, 2021 at 681.2

short term down 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).

-90
Smart Scan Analysis for EURSOS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
671.7 671.7 671.7 671.7 0.0
Prev. Close Volume Bid Ask Time
671.7 2021-10-15 07:17:38
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