Forex Trend Analysis Report
Prepared for you on Wednesday, July 6, 2022.
US Dollar/Somali Shilling (FOREX:USDSOS)
Strong Downtrend (-100) - USDSOS is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, USDSOS continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid USDSOS?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDSOS.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDSOS
The long-term trend has been DOWN since Apr 6th, 2021 at 575.69376
The intermediate-term trend has been DOWN since Jun 28th, 2022 at 578.72469
The short-term trend has been DOWN since Jun 28th, 2022 at 578.72469
Smart Scan Analysis for USDSOS
Based on our trend formula, USDSOS is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).