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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Euro/Ugandan Shilling (FOREX:EURUGX)
Strong Downtrend (-100) - EURUGX is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, EURUGX continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid EURUGX?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURUGX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for EURUGX
The long-term trend has been DOWN since Apr 14th, 2024 at 4106
The intermediate-term trend has been DOWN since Oct 1st, 2024 at 4119
The short-term trend has been DOWN since Sep 26th, 2024 at 4120
Smart Scan Analysis for EURUGX
Based on our trend formula, EURUGX is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3902 | 3902 | 3902 | 3902 | 0 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3882 | 2024-11-12 07:25:08 |