Forex Trend Analysis Report
Prepared for you on Monday, October 22, 2018.
US Dollar/Ugandan Shilling (FOREX:USDUGX)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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.
MarketClub’s Trade Triangles for USDUGX
The long term trend has been DOWN since Jul 25th, 2018 at 3689.70
The intermediate term trend has been DOWN since Oct 4th, 2018 at 3791.55
The short term trend has been DOWN since Oct 2nd, 2018 at 3817.00
Smart Scan Analysis for USDUGX
Based on a pre-defined weighted trend formula for chart analysis, USDUGX scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).