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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.

FOREX_SOSUSD
Open High Low SOSUSD Price Change
0.00173554 0.00173554 0.00172951 0.00172951 -0.00000600
Entry Signal

MarketClub’s Trade Triangles for SOSUSD

long term up The long-term trend has been UP since Mar 29th, 2020 at 0.00175329

intermediate term up The intermediate-term trend has been UP since May 18th, 2020 at 0.00174741

short term down 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).

+55
Smart Scan Analysis for SOSUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00173554 0.00173554 0.00172951 0.00172951 -0.00000600
Prev. Close Volume Bid Ask Time
0.00173716 0.00162065 0.00183837 2020-05-21 21:08:21
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