Forex Trend Analysis Report
Prepared for you on Monday, April 19, 2021.
Euro/Somali Shilling (FOREX:EURSOS)
Crossroads (-60) - EURSOS is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid EURSOS?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURSOS.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURSOS
The long-term trend has been DOWN since Mar 7th, 2021 at 693.0
The intermediate-term trend has been UP since Apr 18th, 2021 at 683.1
The short-term trend has been UP since Apr 6th, 2021 at 679.0
Smart Scan Analysis for EURSOS
Based on our trend formula, EURSOS is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).