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.
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 Mar 15th, 2021 at 578.30163
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).