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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
British Pound/Ugandan Shilling (FOREX:GBPUGX)
Strong Downtrend (-100) - GBPUGX is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPUGX continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid GBPUGX?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPUGX.
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 GBPUGX
The long-term trend has been DOWN since Apr 14th, 2024 at 4797.9593
The intermediate-term trend has been DOWN since Mar 19th, 2024 at 4944.6443
The short-term trend has been DOWN since May 2nd, 2024 at 4765.2924
Smart Scan Analysis for GBPUGX
Based on our trend formula, GBPUGX is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4713.241 | 4713.241 | 4713.241 | 4713.241 | 0.000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4723.705 | 2024-05-07 21:05:08 |