Forex Trend Analysis Report
Prepared for you on Thursday, March 22, 2018.
Ugandan Shilling/Icelandic Krona (FOREX:UGXISK)
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.
MarketClub’s Trade Triangles for UGXISK
The long term trend has been DOWN since Nov 9th, 2017 at 2.86140
The intermediate term trend has been DOWN since Dec 29th, 2017 at 2.85050
The short term trend has been DOWN since Mar 21st, 2018 at 2.71495
Smart Scan Analysis for UGXISK
Based on a pre-defined weighted trend formula for chart analysis, UGXISK scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).