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Forex Trend Analysis Report

Prepared for you on Saturday, March 6, 2021.

US Dollar/Somali Shilling (FOREX:USDSOS)

Countertrend Up (+85) - USDSOS is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
578.31606 583.00000 578.31606 583.00000 +4.68394
Entry Signal

MarketClub’s Trade Triangles for USDSOS

long term up The long-term trend has been UP since Feb 19th, 2021 at 585.00000

intermediate term up The intermediate-term trend has been UP since Feb 19th, 2021 at 585.00000

short term down The short-term trend has been DOWN since Feb 25th, 2021 at 578.34257

Smart Scan Analysis for USDSOS

Based on our trend formula, USDSOS is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for USDSOS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
578.31606 583.00000 578.31606 583.00000 +4.68394
Prev. Close Volume Bid Ask Time
585.00000 2021-03-04 15:39:32
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