Forex Trend Analysis Report
Prepared for you on Tuesday, September 17, 2019.
Euro/Somali Shilling (FOREX:EURSOS)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.
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 UP since Sep 13th, 2019 at 640.8
The short term trend has been UP since Sep 13th, 2019 at 640.3
Smart Scan Analysis for EURSOS
Based on a pre-defined weighted trend formula for chart analysis, EURSOS scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).