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Forex Trend Analysis Report
Prepared for you on Friday, April 19, 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.
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MarketClub’s Trade Triangles for EURSOS
The long-term trend has been DOWN since Apr 2nd, 2024 at 614.6
The intermediate-term trend has been DOWN since Mar 28th, 2024 at 619.7
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 -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 608 | 608 | 608 | 608 | 0 |
| Prev. Close | Volume | Bid | Ask | Time |
| 610 | 2024-04-17 19:38:11 |