Forex Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
Somali Shilling/British Pound (FOREX:SOSGBP)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for SOSGBP
The long term trend has been DOWN since Oct 17th, 2019 at 0.00136700
The intermediate term trend has been UP since Jan 20th, 2020 at 0.00132968
The short term trend has been UP since Jan 3rd, 2020 at 0.00132488
Smart Scan Analysis for SOSGBP
Based on a pre-defined weighted trend formula for chart analysis, SOSGBP scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).