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Forex Trend Analysis Report

Prepared for you on Thursday, October 28, 2021.

US Dollar/Somali Shilling (FOREX:USDSOS)

Weak Downtrend (-65) - USDSOS is showing signs of a strengthening downtrend. Monitor USDSOS as it may be building momentum to the downside.

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
578.41663 585.00000 578.41663 585.00000 +6.58337
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 down The intermediate-term trend has been DOWN since Sep 13th, 2021 at 577.66949

short term down The short-term trend has been DOWN since Oct 27th, 2021 at 585.00000

Smart Scan Analysis for USDSOS

Based on our trend formula, USDSOS is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for USDSOS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
578.41663 585.00000 578.41663 585.00000 +6.58337
Prev. Close Volume Bid Ask Time
578.41663 2021-10-28 11:21:32
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