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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Euro/Ugandan Shilling (FOREX:EURUGX)
Long-Term Downtrend (-90) - EURUGX is in a strong downtrend that is likely to continue. While EURUGX is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid EURUGX?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURUGX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for EURUGX
The long-term trend has been DOWN since Apr 14th, 2024 at 4106
The intermediate-term trend has been DOWN since Mar 19th, 2024 at 4234
The short-term trend has been DOWN since May 2nd, 2024 at 4086
Smart Scan Analysis for EURUGX
Based on our trend formula, EURUGX is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4054 | 4054 | 4054 | 4054 | 0 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4063 | 2024-05-07 21:05:08 |