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Forex Trend Analysis Report

Prepared for you on Thursday, December 12, 2024.

British Pound/Somali Shilling (FOREX:GBPSOS)

Crossroads (-60) - GBPSOS is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
729.9667 729.9667 729.4906 729.4906 -0.4761
Entry Signal

MarketClub’s Trade Triangles for GBPSOS

long term down The long-term trend has been DOWN since Nov 18th, 2024 at 727.8354

intermediate term up The intermediate-term trend has been UP since Dec 4th, 2024 at 723.7647

short term up The short-term trend has been UP since Dec 4th, 2024 at 723.7647

Smart Scan Analysis for GBPSOS

Based on our trend formula, GBPSOS is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for GBPSOS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
729.9667 729.9667 729.4906 729.4906 -0.4761
Prev. Close Volume Bid Ask Time
729.5642 2024-12-09 18:36:58
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