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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.

FOREX_GBPUGX
Open High Low GBPUGX Price Change
4608.7511 4608.7511 4608.7511 4608.7511 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPUGX

long term up The long-term trend has been UP since Dec 12th, 2022 at 4532.6667

intermediate term up The intermediate-term trend has been UP since Mar 24th, 2023 at 4467.7821

short term up 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).

+70
Smart Scan Analysis for GBPUGX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4608.7511 4608.7511 4608.7511 4608.7511 0.0000
Prev. Close Volume Bid Ask Time
4608.7511 2023-03-24 08:27:39
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