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Forex Trend Analysis Report
Prepared for you on Wednesday, April 1, 2020.
Somali Shilling/British Pound (FOREX:SOSGBP)
Sidelines Mode (+55) - SOSGBP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for SOSGBP
The long-term trend has been UP since Mar 4th, 2020 at 0.00134872
The intermediate-term trend has been UP since Mar 12th, 2020 at 0.00135416
The short-term trend has been DOWN since Mar 31st, 2020 at 0.00141165
Smart Scan Analysis for SOSGBP
Based on our trend formula, SOSGBP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00140088 | 0.00140088 | 0.00140088 | 0.00140088 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00140088 | 0.00131237 | 0.00148939 | 2020-04-01 07:17:56 |