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Forex Trend Analysis Report

Prepared for you on Wednesday, July 6, 2022.

US Dollar/Somali Shilling (FOREX:USDSOS)

Strong Downtrend (-100) - USDSOS is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, USDSOS continues to fall. Traders should use caution and set stops.

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
578.38195 578.38195 578.38195 578.38195 0.00000
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 Jun 28th, 2022 at 578.72469

short term down The short-term trend has been DOWN since Jun 28th, 2022 at 578.72469

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).

-100
Smart Scan Analysis for USDSOS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
578.38195 578.38195 578.38195 578.38195 0.00000
Prev. Close Volume Bid Ask Time
578.38195 2022-07-04 07:15:33
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