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Forex Trend Analysis Report

Prepared for you on Sunday, April 21, 2024.

British Pound/Ugandan Shilling (FOREX:GBPUGX)

Strong Downtrend (-100) - GBPUGX is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPUGX continues to fall. Traders should use caution 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.

FOREX_GBPUGX
Open High Low GBPUGX Price Change
4738.3789 4738.3789 4738.3789 4738.3789 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPUGX

long term down The long-term trend has been DOWN since Apr 14th, 2024 at 4797.9593

intermediate term down The intermediate-term trend has been DOWN since Mar 19th, 2024 at 4944.6443

short term down The short-term trend has been DOWN since Mar 18th, 2024 at 4976.8485

Smart Scan Analysis for GBPUGX

Based on our trend formula, GBPUGX is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for GBPUGX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4738.3789 4738.3789 4738.3789 4738.3789 0.0000
Prev. Close Volume Bid Ask Time
4738.3789 2024-04-20 22:39:49
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