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.
MarketClub’s Trade Triangles for SOSGBP
The long-term trend has been DOWN since Jul 9th, 2020 at 0.00137281
The intermediate-term trend has been DOWN since Jul 9th, 2020 at 0.00138094
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).