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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Somali Shilling/British Pound (FOREX:SOSGBP)
Bear Market Rally (-75) - SOSGBP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SOSGBP as it may be in the beginning 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.
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MarketClub’s Trade Triangles for SOSGBP
The long-term trend has been DOWN since Jun 9th, 2024 at 0.00136752
The intermediate-term trend has been DOWN since Jul 7th, 2024 at 0.00137732
The short-term trend has been UP since Jul 21st, 2024 at 0.00135433
Smart Scan Analysis for SOSGBP
Based on our trend formula, SOSGBP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00136559 | 0.00136585 | 0.00136559 | 0.00136585 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00136559 | 2024-07-26 14:00:16 |