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Forex Trend Analysis Report

Prepared for you on Monday, February 17, 2020.

Somali Shilling/US Dollar (FOREX:SOSUSD)

Crossroads (-60) - SOSUSD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid ?

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
0.00173551 0.00173551 0.00173001 0.00173001 -0.00000600
Entry Signal

MarketClub’s Trade Triangles for SOSUSD

long term up The long-term trend has been UP since Dec 29th, 2019 at 0.00174134

intermediate term down The intermediate-term trend has been DOWN since Jan 20th, 2020 at 0.00173316

short term down The short-term trend has been DOWN since Feb 3rd, 2020 at 0.00173562

Smart Scan Analysis for SOSUSD

Based on our trend formula, SOSUSD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for SOSUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00173551 0.00173551 0.00173001 0.00173001 -0.00000600
Prev. Close Volume Bid Ask Time
0.00173581 0.00162075 0.00183926 2020-02-10 21:01:17
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