Forex Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
Swedish Krona/Ugandan Shilling (FOREX:SEKUGX)
Countertrend Up (+85) - SEKUGX is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid SEKUGX?
MarketClub looks at technical strength and momentum to determine if the timing is right for SEKUGX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SEKUGX
The long-term trend has been UP since Nov 14th, 2023 at 347.85072
The intermediate-term trend has been UP since Nov 12th, 2023 at 338.70910
The short-term trend has been UP since Nov 12th, 2023 at 338.70910
Smart Scan Analysis for SEKUGX
Based on our trend formula, SEKUGX is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).