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Forex Trend Analysis Report
Prepared for you on Friday, March 31, 2023.
US Dollar/Somali Shilling (FOREX:USDSOS)
Crossroads (-60) - USDSOS is struggling to move into a solid trend. Beware of choppy markets 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.
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MarketClub’s Trade Triangles for USDSOS
The long-term trend has been DOWN since Apr 6th, 2021 at 575.69376
The intermediate-term trend has been UP since Mar 10th, 2023 at 569.00000
The short-term trend has been UP since Mar 31st, 2023 at 569.00000
Smart Scan Analysis for USDSOS
Based on our trend formula, USDSOS is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 568.21265 | 569.50000 | 568.08466 | 569.00000 | +0.78735 |
| Prev. Close | Volume | Bid | Ask | Time |
| 568.21265 | 2023-03-31 11:16:31 |