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Forex Trend Analysis Report

Prepared for you on Thursday, August 17, 2017.

Ugandan Shilling/Norwegian Krone (FOREX:UGXNOK)

Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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.

FOREX_UGXNOK
Open High Low UGXNOK Price Change
2.19680 2.21660 2.19625 2.20710 +0.01030
Entry Signal

MarketClub’s Trade Triangles for UGXNOK

long term down The long term trend has been DOWN since Jul 12th, 2017 at 2.29675

intermediate term down The intermediate term trend has been DOWN since Jun 26th, 2017 at 2.35415

short term down The short term trend has been DOWN since Aug 17th, 2017 at 2.19800

Smart Scan Analysis for UGXNOK

Based on a pre-defined weighted trend formula for chart analysis, UGXNOK scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-80
Smart Scan Analysis for UGXNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.19680 2.21660 2.19625 2.20710 +0.01030
Prev. Close Volume Bid Ask Time
2.19680 2.20320 2.21100 2017-08-17 14:34:18
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