Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Somali Shilling/US Dollar (FOREX:SOSUSD)
Bear Market Rally (-75) - SOSUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SOSUSD as it may be in the beginning of a reversal.
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 Sep 12th, 2021 at 0.00173101
The intermediate-term trend has been DOWN since Sep 19th, 2021 at 0.00173083
The short-term trend has been UP since Sep 23rd, 2021 at 0.00173368
Smart Scan Analysis for SOSUSD
Based on our trend formula, SOSUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).