Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
Somali Shilling/US Dollar (FOREX:SOSUSD)
Sidelines Mode (+55) - SOSUSD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
MarketClub’s Trade Triangles for SOSUSD
The long-term trend has been UP since Mar 29th, 2020 at 0.00175329
The intermediate-term trend has been UP since May 18th, 2020 at 0.00174741
The short-term trend has been DOWN since May 21st, 2020 at 0.00173598
Smart Scan Analysis for SOSUSD
Based on our trend formula, SOSUSD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).