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Forex Trend Analysis Report

Prepared for you on Wednesday, September 19, 2018.

Ugandan Shilling/Norwegian Krone (FOREX:UGXNOK)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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.

Open High Low UGXNOK Price Change
2.13560 2.13910 2.12865 2.13115 -0.00445
Entry Signal

MarketClub’s Trade Triangles for UGXNOK

long term up The long term trend has been UP since Jul 26th, 2018 at 2.21995

intermediate term down The intermediate term trend has been DOWN since Aug 27th, 2018 at 2.21270

short term down The short term trend has been DOWN since Sep 10th, 2018 at 2.22305

Smart Scan Analysis for UGXNOK

Based on a pre-defined weighted trend formula for chart analysis, UGXNOK scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for UGXNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.13560 2.13910 2.12865 2.13115 -0.00445
Prev. Close Volume Bid Ask Time
2.13560 2.12120 2.14110 2018-09-19 14:20:00
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