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Forex Trend Analysis Report

Prepared for you on Friday, February 23, 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.

Open High Low UGXNOK Price Change
2.15355 2.15835 2.14480 2.14570 -0.00785
Entry Signal

MarketClub’s Trade Triangles for UGXNOK

long term down The long term trend has been DOWN since Jan 18th, 2018 at 2.15760

intermediate term up The intermediate term trend has been UP since Feb 8th, 2018 at 2.18020

short term down The short term trend has been DOWN since Feb 23rd, 2018 at 2.14525

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).

Smart Scan Analysis for UGXNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.15355 2.15835 2.14480 2.14570 -0.00785
Prev. Close Volume Bid Ask Time
2.15355 2.13520 2.15620 2018-02-23 13:28:49
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