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Forex Trend Analysis Report

Prepared for you on Friday, July 19, 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
571.27375 571.27375 570.50000 570.50000 -0.77375
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 Jul 15th, 2024 at 572.14883

short term down The short-term trend has been DOWN since Jul 19th, 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
571.27375 571.27375 570.50000 570.50000 -0.77375
Prev. Close Volume Bid Ask Time
571.27375 2024-07-19 16:13:50
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