Forex Trend Analysis Report
Prepared for you on Monday, July 15, 2019.
Euro/Somali Shilling (FOREX:EURSOS)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for EURSOS
The long term trend has been DOWN since May 1st, 2018 at 705.9
The intermediate term trend has been DOWN since Jul 9th, 2019 at 648.3
The short term trend has been DOWN since Jul 2nd, 2019 at 654.2
Smart Scan Analysis for EURSOS
Based on a pre-defined weighted trend formula for chart analysis, EURSOS scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).