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Forex Trend Analysis Report

Prepared for you on Tuesday, May 22, 2018.

Euro/Ugandan Shilling (FOREX:EURUGX)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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.

FOREX_EURUGX
Open High Low EURUGX Price Change
4379.1 4379.1 4379.1 4379.1 0.0
Entry Signal

MarketClub’s Trade Triangles for EURUGX

long term down The long term trend has been DOWN since May 13th, 2018 at 4453.3

intermediate term down The intermediate term trend has been DOWN since Apr 25th, 2018 at 4550.1

short term down The short term trend has been DOWN since May 13th, 2018 at 4486.4

Smart Scan Analysis for EURUGX

Based on a pre-defined weighted trend formula for chart analysis, EURUGX scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for EURUGX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4379.1 4379.1 4379.1 4379.1 0.0
Prev. Close Volume Bid Ask Time
4379.1 4334.1 4424.1 2018-05-20 21:33:57
Want to analyze Euro/Ugandan Shilling EURUGX or another symbol? Try our Free Forex Trend Analysis Report.