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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Somali Shilling/US Dollar (FOREX:SOSUSD)
Sidelines Mode (-55) - SOSUSD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid SOSUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for SOSUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for SOSUSD
The long-term trend has been DOWN since Apr 10th, 2024 at 0.00175419
The intermediate-term trend has been DOWN since Jul 15th, 2024 at 0.00175528
The short-term trend has been UP since Jul 21st, 2024 at 0.00175778
Smart Scan Analysis for SOSUSD
Based on our trend formula, SOSUSD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00175740 | 0.00175792 | 0.00175740 | 0.00175792 | +0.00000100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00175740 | 2024-07-26 14:00:16 |