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Forex Trend Analysis Report

Prepared for you on Monday, March 27, 2023.

Ugandan Shilling/Euro (FOREX:UGXEUR)

Strong Downtrend (-100) - UGXEUR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, UGXEUR continues to fall. Traders should use caution and set stops.

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
0.00024688 0.00024688 0.00024688 0.00024688 0.00000000
Entry Signal

MarketClub’s Trade Triangles for UGXEUR

long term down The long-term trend has been DOWN since Dec 14th, 2022 at 0.00025582

intermediate term down The intermediate-term trend has been DOWN since Mar 2nd, 2023 at 0.00025278

short term down The short-term trend has been DOWN since Mar 24th, 2023 at 0.00025365

Smart Scan Analysis for UGXEUR

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

-100
Smart Scan Analysis for UGXEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00024688 0.00024688 0.00024688 0.00024688 0.00000000
Prev. Close Volume Bid Ask Time
0.00024688 2023-03-24 08:27:39
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