Forex Trend Analysis Report
Prepared for you on Monday, December 9, 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 Jun 23rd, 2019 at 0.00174600
The intermediate term trend has been UP since Nov 17th, 2019 at 0.00173621
The short term trend has been DOWN since Dec 2nd, 2019 at 0.00173594
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).