Forex Trend Analysis Report
Prepared for you on Saturday, March 6, 2021.
US Dollar/Somali Shilling (FOREX:USDSOS)
Countertrend Up (+85) - USDSOS is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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.
MarketClub’s Trade Triangles for USDSOS
The long-term trend has been UP since Feb 19th, 2021 at 585.00000
The intermediate-term trend has been UP since Feb 19th, 2021 at 585.00000
The short-term trend has been DOWN since Feb 25th, 2021 at 578.34257
Smart Scan Analysis for USDSOS
Based on our trend formula, USDSOS is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).