Forex Trend Analysis Report
Prepared for you on Tuesday, April 7, 2020.
British Pound/Somali Shilling (FOREX:GBPSOS)
Countertrend Down (-85) - GBPSOS is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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.
MarketClub’s Trade Triangles for GBPSOS
The long-term trend has been DOWN since Mar 4th, 2020 at 744.4977
The intermediate-term trend has been DOWN since Mar 12th, 2020 at 741.3155
The short-term trend has been UP since Mar 31st, 2020 at 711.1980
Smart Scan Analysis for GBPSOS
Based on our trend formula, GBPSOS is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).