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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 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.
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MarketClub’s Trade Triangles for GBPUGX
The long-term trend has been DOWN since Nov 12th, 2024 at 4719.4114
The intermediate-term trend has been DOWN since Oct 3rd, 2024 at 4876.0282
The short-term trend has been DOWN since Oct 1st, 2024 at 4896.4709
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4713.699 | 4713.699 | 4713.699 | 4713.699 | 0.000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4657.748 | 2024-11-12 07:25:08 |