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Forex Trend Analysis Report
Prepared for you on Friday, December 13, 2024.
British Pound/Ugandan Shilling (FOREX:GBPUGX)
Countertrend Down (-85) - GBPUGX 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 GBPUGX?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPUGX.
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 GBPUGX
The long-term trend has been DOWN since Nov 12th, 2024 at 4719.4114
The intermediate-term trend has been DOWN since Oct 3rd, 2024 at 4876.0282
The short-term trend has been UP since Dec 2nd, 2024 at 4675.0285
Smart Scan Analysis for GBPUGX
Based on our trend formula, GBPUGX is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4678.087 | 4678.087 | 4678.087 | 4678.087 | 0.000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4647.589 | 2024-12-09 07:25:15 |