Forex Trend Analysis Report
Prepared for you on Friday, October 19, 2018.
Ugandan Shilling/South African Rand (FOREX:UGXZAR)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 Oct 7th, 2018 at 0.003904
The short term trend has been DOWN since Oct 9th, 2018 at 0.003890
Smart Scan Analysis for UGXZAR
Based on a pre-defined weighted trend formula for chart analysis, UGXZAR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).