Forex Trend Analysis Report
Prepared for you on Sunday, June 17, 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 2.82400
The intermediate term trend has been DOWN since Jun 4th, 2018 at 2.74520
The short term trend has been UP since Jun 15th, 2018 at 2.79135
Smart Scan Analysis for UGXISK
Based on a pre-defined weighted trend formula for chart analysis, UGXISK scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).