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Forex Trend Analysis Report

Prepared for you on Sunday, April 21, 2024.

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.

FOREX_EURSOS
Open High Low EURSOS Price Change
608.5 608.5 608.5 608.5 0.0
Entry Signal

MarketClub’s Trade Triangles for EURSOS

long term down The long-term trend has been DOWN since Apr 2nd, 2024 at 614.6

intermediate term down The intermediate-term trend has been DOWN since Mar 28th, 2024 at 619.7

short term down The short-term trend has been DOWN since Apr 11th, 2024 at 619.1

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).

-100
Smart Scan Analysis for EURSOS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
608.5 608.5 608.5 608.5 0.0
Prev. Close Volume Bid Ask Time
608.5 2024-04-20 05:38:11
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