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.
MarketClub’s Trade Triangles for SOSUSD
The long-term trend has been UP since Dec 29th, 2019 at 0.00174134
The intermediate-term trend has been DOWN since Jan 20th, 2020 at 0.00173316
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).