Forex Trend Analysis Report
Prepared for you on Friday, October 20, 2017.
Euro/Ugandan Shilling (FOREX:EURUGX)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for EURUGX
The long term trend has been UP since Apr 20th, 2017 at 3877.1
The intermediate term trend has been UP since Oct 11th, 2017 at 4240.5
The short term trend has been UP since Jul 21st, 2017 at 4033.3
Smart Scan Analysis for EURUGX
Based on a pre-defined weighted trend formula for chart analysis, EURUGX scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).