Forex Trend Analysis Report
Prepared for you on Friday, December 1, 2023.
British Pound/Somali Shilling (FOREX:GBPSOS)
Sidelines Mode (+50) - GBPSOS is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until GBPSOS can gain momentum.
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 Oct 12th, 2023 at 711.3366
The intermediate-term trend has been UP since Nov 6th, 2023 at 697.2138
The short-term trend has been UP since Oct 31st, 2023 at 693.2491
Smart Scan Analysis for GBPSOS
Based on our trend formula, GBPSOS is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).