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Forex Trend Analysis Report
Prepared for you on Thursday, November 21, 2024.
US Dollar/Somali Shilling (FOREX:USDSOS)
Long-Term Downtrend (-90) - USDSOS is in a strong downtrend that is likely to continue. While USDSOS is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 DOWN since Nov 18th, 2024 at 569.11519
The intermediate-term trend has been DOWN since Nov 18th, 2024 at 570.02744
The short-term trend has been DOWN since Nov 18th, 2024 at 570.02744
Smart Scan Analysis for USDSOS
Based on our trend formula, USDSOS is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 571.00000 | 571.98397 | 571.00000 | 571.98397 | +0.98397 |
| Prev. Close | Volume | Bid | Ask | Time |
| 571.00000 | 2024-11-20 19:11:57 |