Forex Trend Analysis Report
Prepared for you on Wednesday, January 22, 2020.
British Pound/Ugandan Shilling (FOREX:GBPUGX)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for GBPUGX
The long term trend has been UP since Oct 17th, 2019 at 4671.0000
The intermediate term trend has been DOWN since Dec 23rd, 2019 at 4767.2389
The short term trend has been DOWN since Jan 12th, 2020 at 4814.6885
Smart Scan Analysis for GBPUGX
Based on a pre-defined weighted trend formula for chart analysis, GBPUGX scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).