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Forex Trend Analysis Report

Prepared for you on Friday, March 31, 2023.

US Dollar/Somali Shilling (FOREX:USDSOS)

Crossroads (-60) - USDSOS is struggling to move into a solid trend. Beware of choppy markets 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
568.21265 569.50000 568.08466 569.00000 +0.78735
Entry Signal

MarketClub’s Trade Triangles for USDSOS

long term down The long-term trend has been DOWN since Apr 6th, 2021 at 575.69376

intermediate term up The intermediate-term trend has been UP since Mar 10th, 2023 at 569.00000

short term up The short-term trend has been UP since Mar 31st, 2023 at 569.00000

Smart Scan Analysis for USDSOS

Based on our trend formula, USDSOS is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for USDSOS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
568.21265 569.50000 568.08466 569.00000 +0.78735
Prev. Close Volume Bid Ask Time
568.21265 2023-03-31 11:16:31
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