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Forex Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

US Dollar/Somali Shilling (FOREX:USDSOS)

Bull Market Weakness (+75) - USDSOS is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDSOS as it may be in the beginning stages of a reversal.

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
581 583 581 582 +1
Entry Signal

MarketClub’s Trade Triangles for USDSOS

long term down The long-term trend has been DOWN since Mar 23rd, 2020 at 576.44693

intermediate term up The intermediate-term trend has been UP since May 20th, 2020 at 584.00000

short term up The short-term trend has been UP since May 20th, 2020 at 584.00000

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
581 583 581 582 +1
Prev. Close Volume Bid Ask Time
581 573 591 2020-06-01 16:49:50
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