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Forex Trend Analysis Report

Prepared for you on Wednesday, October 18, 2017.

Ugandan Shilling/Norwegian Krone (FOREX:UGXNOK)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend 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
2.16610 2.17205 2.16395 2.17120 +0.00510
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 Oct 16th, 2017 at 2.15825

short term down The short term trend has been DOWN since Oct 4th, 2017 at 2.20570

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).

-90
Smart Scan Analysis for UGXNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.16610 2.17205 2.16395 2.17120 +0.00510
Prev. Close Volume Bid Ask Time
2.16610 2.16740 2.17500 2017-10-17 14:35:26
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