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Forex Trend Analysis Report

Prepared for you on Tuesday, April 7, 2020.

British Pound/Somali Shilling (FOREX:GBPSOS)

Countertrend Down (-85) - GBPSOS is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.

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FOREX_GBPSOS
Open High Low GBPSOS Price Change
719.5171 719.5171 719.5171 719.5171 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPSOS

long term down The long-term trend has been DOWN since Mar 4th, 2020 at 744.4977

intermediate term down The intermediate-term trend has been DOWN since Mar 12th, 2020 at 741.3155

short term up The short-term trend has been UP since Mar 31st, 2020 at 711.1980

Smart Scan Analysis for GBPSOS

Based on our trend formula, GBPSOS is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for GBPSOS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
719.5171 719.5171 719.5171 719.5171 0.0000
Prev. Close Volume Bid Ask Time
707.9405 673.9564 765.0777 2020-04-02 07:19:21
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