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Forex Trend Analysis Report

Prepared for you on Tuesday, March 28, 2023.

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
689.7614 689.7614 689.7614 689.7614 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPSOS

long term down The long-term trend has been DOWN since Mar 8th, 2023 at 679.9635

intermediate term up The intermediate-term trend has been UP since Mar 17th, 2023 at 689.1649

short term up The short-term trend has been UP since Mar 17th, 2023 at 681.3708

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
689.7614 689.7614 689.7614 689.7614 0.0000
Prev. Close Volume Bid Ask Time
689.7614 2023-03-18 03:55:54
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