Forex Trend Analysis Report
Prepared for you on Friday, June 2, 2023.
Somali Shilling/British Pound (FOREX:SOSGBP)
Crossroads (-60) - SOSGBP is struggling to move into a solid trend. Beware of choppy markets 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.
MarketClub’s Trade Triangles for SOSGBP
The long-term trend has been DOWN since Apr 5th, 2023 at 0.00142424
The intermediate-term trend has been UP since May 17th, 2023 at 0.00141841
The short-term trend has been UP since May 14th, 2023 at 0.00140249
Smart Scan Analysis for SOSGBP
Based on our trend formula, SOSGBP is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).