Forex Trend Analysis Report
Prepared for you on Sunday, November 29, 2020.
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.
MarketClub’s Trade Triangles for GBPSOS
The long-term trend has been UP since Jul 9th, 2020 at 731.1576
The intermediate-term trend has been UP since Oct 13th, 2020 at 748.0391
The short-term trend has been DOWN since Nov 27th, 2020 at 771.5317
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).