Forex Trend Analysis Report
Prepared for you on Tuesday, August 16, 2022.
Somali Shilling/British Pound (FOREX:SOSGBP)
Bull Market Weakness (+75) - SOSGBP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SOSGBP as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid SOSGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SOSGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SOSGBP
The long-term trend has been UP since Jul 19th, 2021 at 0.00126069
The intermediate-term trend has been UP since Jun 10th, 2022 at 0.00139385
The short-term trend has been UP since Jun 10th, 2022 at 0.00138396
Smart Scan Analysis for SOSGBP
Based on our trend formula, SOSGBP is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).