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Forex Trend Analysis Report

Prepared for you on Monday, February 24, 2020.

US Dollar/Somali Shilling (FOREX:USDSOS)

Sidelines Mode (+55) - USDSOS 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 USDSOS?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDSOS.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDSOS
Open High Low USDSOS Price Change
578.51278 578.51278 578.51278 578.51278 0.00000
Entry Signal

MarketClub’s Trade Triangles for USDSOS

long term up The long-term trend has been UP since Jan 28th, 2020 at 583.0

intermediate term up The intermediate-term trend has been UP since Jan 23rd, 2020 at 581.5

short term down The short-term trend has been DOWN since Feb 17th, 2020 at 586.5

Smart Scan Analysis for USDSOS

Based on our trend formula, USDSOS is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for USDSOS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
578.51278 578.51278 578.51278 578.51278 0.00000
Prev. Close Volume Bid Ask Time
578.51278 541.54711 615.47845 2020-02-24 07:23:03
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