Forex Trend Analysis Report
Prepared for you on Monday, March 27, 2023.
British Pound/Ugandan Shilling (FOREX:GBPUGX)
Bull Market Weakness (+75) - GBPUGX is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPUGX as it may be in the beginning stages of a reversal.
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 UP since Dec 12th, 2022 at 4532.6667
The intermediate-term trend has been UP since Mar 24th, 2023 at 4467.7821
The short-term trend has been UP since Mar 24th, 2023 at 4449.5944
Smart Scan Analysis for GBPUGX
Based on our trend formula, GBPUGX is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).