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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
British Pound/Ugandan Shilling (FOREX:GBPUGX)
Crossroads (+60) - GBPUGX is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 Apr 14th, 2024 at 4797.9593
The intermediate-term trend has been UP since Jul 11th, 2024 at 4752.6954
The short-term trend has been UP since Jul 24th, 2024 at 4777.3669
Smart Scan Analysis for GBPUGX
Based on our trend formula, GBPUGX is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4799.1561 | 4799.1561 | 4798.6158 | 4798.6158 | -0.5403 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4799.1561 | 2024-07-26 14:00:13 |