Forex Trend Analysis Report
Prepared for you on Tuesday, June 19, 2018.
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.
MarketClub’s Trade Triangles for UGXNOK
The long term trend has been DOWN since Jun 14th, 2018 at 2.08075
The intermediate term trend has been DOWN since Jun 4th, 2018 at 2.14630
The short term trend has been UP since Jun 15th, 2018 at 2.10815
Smart Scan Analysis for UGXNOK
Based on a pre-defined weighted trend formula for chart analysis, UGXNOK scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).