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Forex Trend Analysis Report

Prepared for you on Thursday, December 26, 2024.

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.

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FOREX_GBPSOS
Open High Low GBPSOS Price Change
714.6983 714.6983 714.6983 714.6983 0.0000
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 down The intermediate-term trend has been DOWN since Dec 21st, 2024 at 722.2162

short term down The short-term trend has been DOWN since Dec 15th, 2024 at 726.3310

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).

-90
Smart Scan Analysis for GBPSOS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
714.6983 714.6983 714.6983 714.6983 0.0000
Prev. Close Volume Bid Ask Time
728.1083 2024-12-21 08:23:57
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