Forex Trend Analysis Report
Prepared for you on Sunday, October 17, 2021.
British Pound/Somali Shilling (FOREX:GBPSOS)
Long-Term Downtrend (-90) - GBPSOS is in a strong downtrend that is likely to continue. While GBPSOS is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution 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 Jul 19th, 2021 at 795.9451
The intermediate-term trend has been DOWN since Sep 22nd, 2021 at 797.8955
The short-term trend has been DOWN since Sep 17th, 2021 at 798.4107
Smart Scan Analysis for GBPSOS
Based on our trend formula, GBPSOS is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).