Forex Trend Analysis Report
Prepared for you on Tuesday, May 21, 2019.
Euro/Somali Shilling (FOREX:EURSOS)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management 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 DOWN since Apr 28th, 2019 at 649.6
The short term trend has been UP since May 13th, 2019 at 648.6
Smart Scan Analysis for EURSOS
Based on a pre-defined weighted trend formula for chart analysis, EURSOS scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).