Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Ugandan Shilling/US Dollar (FOREX:UGXUSD)
Bull Market Weakness (+75) - UGXUSD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on UGXUSD as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid UGXUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for UGXUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for UGXUSD
The long-term trend has been UP since May 2nd, 2024 at 0.00026342
The intermediate-term trend has been UP since May 2nd, 2024 at 0.00026342
The short-term trend has been UP since May 2nd, 2024 at 0.00026249
Smart Scan Analysis for UGXUSD
Based on our trend formula, UGXUSD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00026516 | 0.00026516 | 0.00026516 | 0.00026516 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00026444 | 2024-05-07 21:05:08 |