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Forex Trend Analysis Report
Prepared for you on Friday, April 26, 2024.
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 Apr 2nd, 2024 at 0.00140042
The intermediate-term trend has been UP since Mar 28th, 2024 at 0.00138560
The short-term trend has been DOWN since Apr 26th, 2024 at 0.00141520
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 |
|---|---|---|---|---|
| 0.00140458 | 0.00140458 | 0.00140458 | 0.00140458 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00140458 | 2024-04-26 07:26:04 |