Forex Trend Analysis Report
Prepared for you on Wednesday, August 4, 2021.
British Pound/Ugandan Shilling (FOREX:GBPUGX)
Sidelines Mode (+50) - GBPUGX is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until GBPUGX can gain momentum.
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.
MarketClub’s Trade Triangles for GBPUGX
The long-term trend has been DOWN since Jun 24th, 2021 at 4960.8343
The intermediate-term trend has been UP since Aug 2nd, 2021 at 4885.3598
The short-term trend has been UP since Aug 2nd, 2021 at 4885.3598
Smart Scan Analysis for GBPUGX
Based on our trend formula, GBPUGX is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).