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Forex Trend Analysis Report

Prepared for you on Monday, November 19, 2018.

Ugandan Shilling/Norwegian Krone (FOREX:UGXNOK)

Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. 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.

FOREX_UGXNOK
Open High Low UGXNOK Price Change
2.26325 2.26710 2.26300 2.26710 +0.00385
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 up The intermediate term trend has been UP since Oct 22nd, 2018 at 2.20105

short term up The short term trend has been UP since Nov 9th, 2018 at 2.24080

Smart Scan Analysis for UGXNOK

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

+100
Smart Scan Analysis for UGXNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.26325 2.26710 2.26300 2.26710 +0.00385
Prev. Close Volume Bid Ask Time
2.26325 2.25630 2.27790 2018-11-19 08:12:27
Want to analyze Ugandan Shilling/Norwegian Krone UGXNOK or another symbol? Try our Free Forex Trend Analysis Report.