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Forex Trend Analysis Report

Prepared for you on Friday, February 26, 2021.

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.

FOREX_SOSUSD
Open High Low SOSUSD Price Change
0.00173475 0.00173475 0.00173475 0.00173475 0.00000000
Entry Signal

MarketClub’s Trade Triangles for SOSUSD

long term down The long-term trend has been DOWN since Dec 22nd, 2020 at 0.00172539

intermediate term down The intermediate-term trend has been DOWN since Feb 16th, 2021 at 0.00173250

short term down The short-term trend has been DOWN since Feb 16th, 2021 at 0.00173408

Smart Scan Analysis for SOSUSD

Based on our trend formula, SOSUSD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for SOSUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00173475 0.00173475 0.00173475 0.00173475 0.00000000
Prev. Close Volume Bid Ask Time
0.00173475 2021-02-25 07:31:40
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