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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 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.
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MarketClub’s Trade Triangles for SOSGBP
The long-term trend has been UP since Nov 18th, 2024 at 0.00137971
The intermediate-term trend has been UP since Oct 4th, 2024 at 0.00133100
The short-term trend has been UP since Oct 4th, 2024 at 0.00132137
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00139177 | 0.00139395 | 0.00139177 | 0.00139395 | +0.00000200 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00139177 | 2024-11-18 13:11:45 |