Forex Trend Analysis Report
Prepared for you on Friday, August 14, 2020.
US Dollar/Somali Shilling (FOREX:USDSOS)
Strong Uptrend (+100) - USDSOS is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, USDSOS continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 Aug 13th, 2020 at 585.0
The intermediate-term trend has been UP since Jul 2nd, 2020 at 583.0
The short-term trend has been UP since Aug 11th, 2020 at 583.5
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).