Forex Trend Analysis Report
Prepared for you on Monday, June 26, 2017.
Euro/Ugandan Shilling (FOREX:EURUGX)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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 DOWN since Jun 25th, 2017 at 4033.3
The short term trend has been DOWN since May 29th, 2017 at 4043.7
Smart Scan Analysis for EURUGX
Based on a pre-defined weighted trend formula for chart analysis, EURUGX scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).