Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Somali Shilling/British Pound (FOREX:SOSGBP)
Countertrend Up (+85) - SOSGBP is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 Sep 22nd, 2021 at 0.00125756
The short-term trend has been UP since Sep 17th, 2021 at 0.00125682
Smart Scan Analysis for SOSGBP
Based on our trend formula, SOSGBP is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).