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Forex Trend Analysis Report

Prepared for you on Sunday, October 17, 2021.

Ugandan Shilling/Euro (FOREX:UGXEUR)

Weak Downtrend (-65) - UGXEUR is showing signs of a strengthening downtrend. Monitor UGXEUR as it may be building momentum to the downside.

Is it time to buy, sell, or avoid UGXEUR?

MarketClub looks at technical strength and momentum to determine if the timing is right for UGXEUR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_UGXEUR
Open High Low UGXEUR Price Change
0.00024068 0.00024068 0.00024068 0.00024068 0.00000000
Entry Signal

MarketClub’s Trade Triangles for UGXEUR

long term up The long-term trend has been UP since Mar 7th, 2021 at 0.00022778

intermediate term down The intermediate-term trend has been DOWN since Oct 12th, 2021 at 0.00024094

short term down The short-term trend has been DOWN since Oct 7th, 2021 at 0.00024274

Smart Scan Analysis for UGXEUR

Based on our trend formula, UGXEUR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for UGXEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00024068 0.00024068 0.00024068 0.00024068 0.00000000
Prev. Close Volume Bid Ask Time
0.00023861 2021-10-12 07:14:15
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