Forex Trend Analysis Report
Prepared for you on Thursday, September 20, 2018.
Ugandan Shilling/Icelandic Krona (FOREX:UGXISK)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 2.8240
The intermediate term trend has been UP since Sep 7th, 2018 at 2.9481
The short term trend has been UP since Sep 20th, 2018 at 2.8921
Smart Scan Analysis for UGXISK
Based on a pre-defined weighted trend formula for chart analysis, UGXISK scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).