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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Somali Shilling/US Dollar (FOREX:SOSUSD)
Countertrend Up (+85) - SOSUSD 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 SOSUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for SOSUSD.
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 SOSUSD
The long-term trend has been UP since Nov 18th, 2024 at 0.00176415
The intermediate-term trend has been UP since Nov 18th, 2024 at 0.00176176
The short-term trend has been UP since Nov 18th, 2024 at 0.00176176
Smart Scan Analysis for SOSUSD
Based on our trend formula, SOSUSD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00175652 | 0.00176553 | 0.00175652 | 0.00176553 | +0.00000900 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00175652 | 2024-11-18 13:11:45 |