Forex Trend Analysis Report
Prepared for you on Friday, December 15, 2017.
Euro/Ugandan Shilling (FOREX:EURUGX)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 DOWN since Dec 13th, 2017 at 4323.5
The short term trend has been UP since Dec 1st, 2017 at 4261.6
Smart Scan Analysis for EURUGX
Based on a pre-defined weighted trend formula for chart analysis, EURUGX scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).