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Forex Trend Analysis Report

Prepared for you on Wednesday, August 4, 2021.

British Pound/Ugandan Shilling (FOREX:GBPUGX)

Sidelines Mode (+50) - GBPUGX is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until GBPUGX can gain momentum.

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
4935.5478 4935.5478 4935.5478 4935.5478 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPUGX

long term down The long-term trend has been DOWN since Jun 24th, 2021 at 4960.8343

intermediate term up The intermediate-term trend has been UP since Aug 2nd, 2021 at 4885.3598

short term up The short-term trend has been UP since Aug 2nd, 2021 at 4885.3598

Smart Scan Analysis for GBPUGX

Based on our trend formula, GBPUGX is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for GBPUGX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4935.5478 4935.5478 4935.5478 4935.5478 0.0000
Prev. Close Volume Bid Ask Time
4942.4160 2021-08-02 07:24:30
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