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Forex Trend Analysis Report

Prepared for you on Monday, December 10, 2018.

US Dollar/Ugandan Shilling (FOREX:USDUGX)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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.

FOREX_USDUGX
Open High Low USDUGX Price Change
3726.75 3726.75 3726.75 3726.75 0.00
Entry Signal

MarketClub’s Trade Triangles for USDUGX

long term down The long term trend has been DOWN since Jul 25th, 2018 at 3689.70

intermediate term down The intermediate term trend has been DOWN since Oct 4th, 2018 at 3791.55

short term up The short term trend has been UP since Dec 4th, 2018 at 3733.20

Smart Scan Analysis for USDUGX

Based on a pre-defined weighted trend formula for chart analysis, USDUGX scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for USDUGX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3726.75 3726.75 3726.75 3726.75 0.00
Prev. Close Volume Bid Ask Time
3726.75 3687.30 3766.20 2018-12-09 20:46:48
Want to analyze US Dollar/Ugandan Shilling USDUGX or another symbol? Try our Free Forex Trend Analysis Report.