Forex Trend Analysis Report
Prepared for you on Wednesday, December 12, 2018.
Ugandan Shilling/South African Rand (FOREX:UGXZAR)
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.
MarketClub’s Trade Triangles for UGXZAR
The long term trend has been UP since Apr 25th, 2018 at 0.003360
The intermediate term trend has been UP since Dec 9th, 2018 at 0.003778
The short term trend has been UP since Dec 4th, 2018 at 0.003685
Smart Scan Analysis for UGXZAR
Based on a pre-defined weighted trend formula for chart analysis, UGXZAR scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).