Forex Trend Analysis Report
Prepared for you on Sunday, December 16, 2018.
Ugandan Shilling/Icelandic Krona (FOREX:UGXISK)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 UGXISK
The long term trend has been UP since May 21st, 2018 at 2.82400
The intermediate term trend has been DOWN since Dec 6th, 2018 at 3.26455
The short term trend has been UP since Dec 11th, 2018 at 3.30730
Smart Scan Analysis for UGXISK
Based on a pre-defined weighted trend formula for chart analysis, UGXISK scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).