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Forex Trend Analysis Report

Prepared for you on Wednesday, April 24, 2024.

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.

FOREX_SOSGBP
Open High Low SOSGBP Price Change
0.00141789 0.00141789 0.00141789 0.00141789 0.00000000
Entry Signal

MarketClub’s Trade Triangles for SOSGBP

long term up The long-term trend has been UP since Apr 2nd, 2024 at 0.00140042

intermediate term up The intermediate-term trend has been UP since Mar 28th, 2024 at 0.00138560

short term up The short-term trend has been UP since Apr 11th, 2024 at 0.00139190

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).

+80
Smart Scan Analysis for SOSGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00141789 0.00141789 0.00141789 0.00141789 0.00000000
Prev. Close Volume Bid Ask Time
0.00141789 2024-04-23 21:01:41
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