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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
British Pound/Somali Shilling (FOREX:GBPSOS)
Bull Market Weakness (+75) - GBPSOS is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPSOS as it may be in the beginning stages of a reversal.
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.
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MarketClub’s Trade Triangles for GBPSOS
The long-term trend has been UP since Jun 9th, 2024 at 734.2530
The intermediate-term trend has been UP since Jul 7th, 2024 at 729.1088
The short-term trend has been DOWN since Jul 21st, 2024 at 741.4329
Smart Scan Analysis for GBPSOS
Based on our trend formula, GBPSOS is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 735.3412 | 735.3412 | 735.2018 | 735.2018 | -0.1394 |
| Prev. Close | Volume | Bid | Ask | Time |
| 735.3412 | 2024-07-26 14:00:16 |