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Forex Trend Analysis Report

Prepared for you on Sunday, April 14, 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.

FOREX_USDSOS
Open High Low USDSOS Price Change
570.15695 570.15695 570.15695 570.15695 0.00000
Entry Signal

MarketClub’s Trade Triangles for USDSOS

long term up The long-term trend has been UP since Apr 10th, 2024 at 573.11571

intermediate term up The intermediate-term trend has been UP since Apr 10th, 2024 at 573.11571

short term down The short-term trend has been DOWN since Apr 13th, 2024 at 571.00000

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
570.15695 570.15695 570.15695 570.15695 0.00000
Prev. Close Volume Bid Ask Time
570.15695 2024-04-13 18:02:07
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