Forex Trend Analysis Report
Prepared for you on Sunday, December 10, 2017.
Ugandan Shilling/Norwegian Krone (FOREX:UGXNOK)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend 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 UGXNOK
The long term trend has been UP since Nov 14th, 2017 at 2.25655
The intermediate term trend has been UP since Oct 26th, 2017 at 2.22335
The short term trend has been UP since Dec 8th, 2017 at 2.29780
Smart Scan Analysis for UGXNOK
Based on a pre-defined weighted trend formula for chart analysis, UGXNOK scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).