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Forex Trend Analysis Report

Prepared for you on Sunday, April 14, 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.

FOREX_EURUGX
Open High Low EURUGX Price Change
4047 4047 4047 4047 0
Entry Signal

MarketClub’s Trade Triangles for EURUGX

long term down The long-term trend has been DOWN since Apr 13th, 2024 at 4106

intermediate term down The intermediate-term trend has been DOWN since Mar 19th, 2024 at 4234

short term down The short-term trend has been DOWN since Mar 18th, 2024 at 4251

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).

-100
Smart Scan Analysis for EURUGX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4047 4047 4047 4047 0
Prev. Close Volume Bid Ask Time
4047 2024-04-13 14:02:01
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