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Forex Trend Analysis Report

Prepared for you on Saturday, June 22, 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.

FOREX_SOSUSD
Open High Low SOSUSD Price Change
0.00175766 0.00176109 0.00175766 0.00176109 +0.00000300
Entry Signal

MarketClub’s Trade Triangles for SOSUSD

long term down The long-term trend has been DOWN since Apr 10th, 2024 at 0.00175419

intermediate term down The intermediate-term trend has been DOWN since Jun 9th, 2024 at 0.00175143

short term up The short-term trend has been UP since Jun 10th, 2024 at 0.00175960

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).

-55
Smart Scan Analysis for SOSUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00175766 0.00176109 0.00175766 0.00176109 +0.00000300
Prev. Close Volume Bid Ask Time
0.00176109 2024-06-21 21:58:41
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