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Forex Trend Analysis Report

Prepared for you on Tuesday, August 16, 2022.

Somali Shilling/British Pound (FOREX:SOSGBP)

Bull Market Weakness (+75) - SOSGBP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SOSGBP as it may be in the beginning stages 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.

FOREX_SOSGBP
Open High Low SOSGBP Price Change
0.0014603 0.0014603 0.0014603 0.0014603 0.0000000
Entry Signal

MarketClub’s Trade Triangles for SOSGBP

long term up The long-term trend has been UP since Jul 19th, 2021 at 0.00126069

intermediate term up The intermediate-term trend has been UP since Jun 10th, 2022 at 0.00139385

short term up The short-term trend has been UP since Jun 10th, 2022 at 0.00138396

Smart Scan Analysis for SOSGBP

Based on our trend formula, SOSGBP is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for SOSGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.0014603 0.0014603 0.0014603 0.0014603 0.0000000
Prev. Close Volume Bid Ask Time
0.0014603 2022-08-10 07:20:32
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