Forex Trend Analysis Report
Prepared for you on Wednesday, January 17, 2018.
Ugandan Shilling/Icelandic Krona (FOREX:UGXISK)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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 2.8614
The intermediate term trend has been DOWN since Dec 29th, 2017 at 2.8505
The short term trend has been DOWN since Jan 11th, 2018 at 2.8417
Smart Scan Analysis for UGXISK
Based on a pre-defined weighted trend formula for chart analysis, UGXISK scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).