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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 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.
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MarketClub’s Trade Triangles for EURSOS
The long-term trend has been DOWN since Nov 7th, 2024 at 615.9
The intermediate-term trend has been DOWN since Oct 2nd, 2024 at 635.6
The short-term trend has been DOWN since Oct 2nd, 2024 at 637.7
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 602.5 | 602.5 | 602.5 | 602.5 | 0.0 |
| Prev. Close | Volume | Bid | Ask | Time |
| 602.5 | 2024-11-18 13:11:45 |