Forex Trend Analysis Report
Prepared for you on Tuesday, May 21, 2019.
Somali Shilling/US Dollar (FOREX:SOSUSD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 SOSUSD
The long term trend has been UP since Jan 9th, 2019 at 0.001747
The intermediate term trend has been UP since Apr 29th, 2019 at 0.001737
The short term trend has been DOWN since May 7th, 2019 at 0.001736
Smart Scan Analysis for SOSUSD
Based on a pre-defined weighted trend formula for chart analysis, SOSUSD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).