Forex Trend Analysis Report
Prepared for you on Sunday, January 23, 2022.
Swedish Krona/Ugandan Shilling (FOREX:SEKUGX)
Sidelines Mode (+50) - SEKUGX is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until SEKUGX can gain momentum.
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 DOWN since Nov 24th, 2021 at 399.91748
The intermediate-term trend has been UP since Jan 13th, 2022 at 392.00803
The short-term trend has been UP since Jan 13th, 2022 at 392.00803
Smart Scan Analysis for SEKUGX
Based on our trend formula, SEKUGX is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).