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Forex Trend Analysis Report

Prepared for you on Wednesday, April 1, 2020.

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.

FOREX_SOSGBP
Open High Low SOSGBP Price Change
0.00140088 0.00140088 0.00140088 0.00140088 0.00000000
Entry Signal

MarketClub’s Trade Triangles for SOSGBP

long term up The long-term trend has been UP since Mar 4th, 2020 at 0.00134872

intermediate term up The intermediate-term trend has been UP since Mar 12th, 2020 at 0.00135416

short term down The short-term trend has been DOWN since Mar 31st, 2020 at 0.00141165

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).

+55
Smart Scan Analysis for SOSGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00140088 0.00140088 0.00140088 0.00140088 0.00000000
Prev. Close Volume Bid Ask Time
0.00140088 0.00131237 0.00148939 2020-04-01 07:17:56
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