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Forex Trend Analysis Report

Prepared for you on Monday, April 12, 2021.

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.

FOREX_USDSOS
Open High Low USDSOS Price Change
585 585 585 585 0
Entry Signal

MarketClub’s Trade Triangles for USDSOS

long term down The long-term trend has been DOWN since Apr 6th, 2021 at 575.69376

intermediate term down The intermediate-term trend has been DOWN since Mar 15th, 2021 at 578.30163

short term up The short-term trend has been UP since Apr 12th, 2021 at 578.53059

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).

-55
Smart Scan Analysis for USDSOS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
585 585 585 585 0
Prev. Close Volume Bid Ask Time
585 2021-04-12 10:50:56
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