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Forex Trend Analysis Report

Prepared for you on Friday, June 14, 2024.

British Pound/Somali Shilling (FOREX:GBPSOS)

Sidelines Mode (-50) - GBPSOS is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until GBPSOS can gain momentum.

Is it time to buy, sell, or avoid GBPSOS?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPSOS.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPSOS
Open High Low GBPSOS Price Change
732.656 732.656 732.656 732.656 0.000
Entry Signal

MarketClub’s Trade Triangles for GBPSOS

long term up The long-term trend has been UP since Jun 9th, 2024 at 734.2530

intermediate term down The intermediate-term trend has been DOWN since Jun 10th, 2024 at 726.1146

short term down The short-term trend has been DOWN since Jun 10th, 2024 at 730.1216

Smart Scan Analysis for GBPSOS

Based on our trend formula, GBPSOS is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-50
Smart Scan Analysis for GBPSOS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
732.656 732.656 732.656 732.656 0.000
Prev. Close Volume Bid Ask Time
726.029 2024-06-13 21:00:30
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