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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.

FOREX_SOSUSD
Open High Low SOSUSD Price Change
0.00173494 0.00173494 0.00173494 0.00173494 0.00000000
Entry Signal

MarketClub’s Trade Triangles for SOSUSD

long term down The long-term trend has been DOWN since Sep 12th, 2021 at 0.00173101

intermediate term down The intermediate-term trend has been DOWN since Sep 19th, 2021 at 0.00173083

short term up 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).

-75
Smart Scan Analysis for SOSUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00173494 0.00173494 0.00173494 0.00173494 0.00000000
Prev. Close Volume Bid Ask Time
0.00173506 2021-10-12 07:14:18
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