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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
US Dollar/Somali Shilling (FOREX:USDSOS)
Long-Term Uptrend (+90) - USDSOS is in a strong uptrend that is likely to continue. While USDSOS is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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.
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MarketClub’s Trade Triangles for USDSOS
The long-term trend has been UP since Apr 10th, 2024 at 573.11571
The intermediate-term trend has been UP since Jul 15th, 2024 at 572.14883
The short-term trend has been UP since Jul 26th, 2024 at 571.19457
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 |
|---|---|---|---|---|
| 571.39699 | 571.39699 | 571.22864 | 571.22864 | -0.16835 |
| Prev. Close | Volume | Bid | Ask | Time |
| 571.39699 | 2024-07-26 14:00:16 |