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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
British Pound/Somali Shilling (FOREX:GBPSOS)
Strong Downtrend (-100) - GBPSOS is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPSOS continues to fall. 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.
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MarketClub’s Trade Triangles for GBPSOS
The long-term trend has been DOWN since Nov 18th, 2024 at 727.8354
The intermediate-term trend has been DOWN since Oct 4th, 2024 at 754.3005
The short-term trend has been DOWN since Oct 4th, 2024 at 759.8282
Smart Scan Analysis for GBPSOS
Based on our trend formula, GBPSOS is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 721.6909 | 721.6909 | 720.5645 | 720.5645 | -1.1264 |
| Prev. Close | Volume | Bid | Ask | Time |
| 721.6909 | 2024-11-18 13:11:45 |