Forex Trend Analysis Report
Prepared for you on Tuesday, October 19, 2021.
US Dollar/Somali Shilling (FOREX:USDSOS)
Weak Downtrend (-65) - USDSOS is showing signs of a strengthening downtrend. Monitor USDSOS as it may be building momentum to the downside.
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 Sep 13th, 2021 at 577.66949
The short-term trend has been UP since Oct 14th, 2021 at 585.00000
Smart Scan Analysis for USDSOS
Based on our trend formula, USDSOS is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).