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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.

FOREX_USDSOS
Open High Low USDSOS Price Change
586 586 585 585 -1
Entry Signal

MarketClub’s Trade Triangles for USDSOS

long term up The long-term trend has been UP since Aug 13th, 2020 at 585.0

intermediate term up The intermediate-term trend has been UP since Jul 2nd, 2020 at 583.0

short term up 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).

+100
Smart Scan Analysis for USDSOS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
586 586 585 585 -1
Prev. Close Volume Bid Ask Time
586 571 599 2020-08-13 12:28:25
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