Forex Trend Analysis Report
Prepared for you on Thursday, November 30, 2023.
Somali Shilling/US Dollar (FOREX:SOSUSD)
Weak Downtrend (-65) - SOSUSD is showing signs of a strengthening downtrend. Monitor SOSUSD as it may be building momentum to the downside.
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 DOWN since Jul 20th, 2023 at 0.00175267
The intermediate-term trend has been UP since Oct 29th, 2023 at 0.00175814
The short-term trend has been DOWN since Nov 23rd, 2023 at 0.00175606
Smart Scan Analysis for SOSUSD
Based on our trend formula, SOSUSD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).