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Forex Trend Analysis Report
Prepared for you on Saturday, February 22, 2025.
Euro/Ugandan Shilling (FOREX:EURUGX)
Countertrend Down (-85) - EURUGX is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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 Feb 2nd, 2025 at 3847
The short-term trend has been UP since Feb 17th, 2025 at 3817
Smart Scan Analysis for EURUGX
Based on our trend formula, EURUGX is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3844 | 3844 | 3844 | 3844 | 0 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3844 | 2025-02-22 01:41:03 |