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Forex Trend Analysis Report

Prepared for you on Saturday, December 15, 2018.

Ugandan Shilling/US Dollar (FOREX:UGXUSD)

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_UGXUSD
Open High Low UGXUSD Price Change
0.000270 0.000270 0.000270 0.000270 0.000000
Entry Signal

MarketClub’s Trade Triangles for UGXUSD

long term up The long term trend has been UP since Jul 15th, 2018 at 0.000270

intermediate term up The intermediate term trend has been UP since Oct 4th, 2018 at 0.000264

short term up The short term trend has been UP since Dec 13th, 2018 at 0.000269

Smart Scan Analysis for UGXUSD

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

+100
Smart Scan Analysis for UGXUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.000270 0.000270 0.000270 0.000270 0.000000
Prev. Close Volume Bid Ask Time
0.000270 0.000267 0.000273 2018-12-13 20:57:16
Want to analyze Ugandan Shilling/US Dollar UGXUSD or another symbol? Try our Free Forex Trend Analysis Report.