Forex Trend Analysis Report
Prepared for you on Sunday, February 23, 2020.
US Dollar/Somali Shilling (FOREX:USDSOS)
Sidelines Mode (+55) - USDSOS 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 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 UP since Jan 28th, 2020 at 583.0
The intermediate-term trend has been UP since Jan 23rd, 2020 at 581.5
The short-term trend has been DOWN since Feb 17th, 2020 at 586.5
Smart Scan Analysis for USDSOS
Based on our trend formula, USDSOS is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).