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Forex Trend Analysis Report

Prepared for you on Friday, July 19, 2024.

British Pound/Somali Shilling (FOREX:GBPSOS)

Long-Term Uptrend (+90) - GBPSOS is in a strong uptrend that is likely to continue. While GBPSOS 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 GBPSOS?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPSOS.

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FOREX_GBPSOS
Open High Low GBPSOS Price Change
743.0580 743.0580 742.8636 742.8636 -0.1944
Entry Signal

MarketClub’s Trade Triangles for GBPSOS

long term up The long-term trend has been UP since Jun 9th, 2024 at 734.2530

intermediate term up The intermediate-term trend has been UP since Jul 7th, 2024 at 729.1088

short term up The short-term trend has been UP since Jul 4th, 2024 at 723.1042

Smart Scan Analysis for GBPSOS

Based on our trend formula, GBPSOS is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for GBPSOS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
743.0580 743.0580 742.8636 742.8636 -0.1944
Prev. Close Volume Bid Ask Time
742.3513 2024-07-17 23:18:00
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