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Forex Trend Analysis Report

Prepared for you on Tuesday, August 4, 2020.

Somali Shilling/British Pound (FOREX:SOSGBP)

Strong Downtrend (-100) - SOSGBP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

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
0.00133997 0.00133997 0.00133997 0.00133997 0.00000000
Entry Signal

MarketClub’s Trade Triangles for SOSGBP

long term down The long-term trend has been DOWN since Jul 9th, 2020 at 0.00137281

intermediate term down The intermediate-term trend has been DOWN since Jul 9th, 2020 at 0.00138094

short term down The short-term trend has been DOWN since Jul 24th, 2020 at 0.00137651

Smart Scan Analysis for SOSGBP

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

-100
Smart Scan Analysis for SOSGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00133997 0.00133997 0.00133997 0.00133997 0.00000000
Prev. Close Volume Bid Ask Time
0.00132026 0.00126104 0.00141891 2020-07-29 04:35:25
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