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Forex Trend Analysis Report
Prepared for you on Wednesday, April 24, 2024.
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.
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MarketClub’s Trade Triangles for USDSOS
The long-term trend has been UP since Apr 10th, 2024 at 573.11571
The intermediate-term trend has been UP since Apr 10th, 2024 at 573.11571
The short-term trend has been DOWN since Apr 16th, 2024 at 571.59229
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 571.50000 | 571.50000 | 568.45446 | 568.45446 | -3.04554 |
| Prev. Close | Volume | Bid | Ask | Time |
| 571.50000 | 2024-04-23 21:01:41 |