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Forex Trend Analysis Report

Prepared for you on Tuesday, August 16, 2022.

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.

FOREX_SOSUSD
Open High Low SOSUSD Price Change
0.00176667 0.00176667 0.00176667 0.00176667 0.00000000
Entry Signal

MarketClub’s Trade Triangles for SOSUSD

long term up The long-term trend has been UP since Jul 12th, 2022 at 0.00173789

intermediate term up The intermediate-term trend has been UP since Jun 28th, 2022 at 0.00173533

short term up The short-term trend has been UP since Jun 28th, 2022 at 0.00173533

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).

+80
Smart Scan Analysis for SOSUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00176667 0.00176667 0.00176667 0.00176667 0.00000000
Prev. Close Volume Bid Ask Time
0.00176667 2022-08-10 07:20:32
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