Forex Trend Analysis Report
Prepared for you on Sunday, June 26, 2022.
Ugandan Shilling/Euro (FOREX:UGXEUR)
Crossroads (-60) - UGXEUR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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.
MarketClub’s Trade Triangles for UGXEUR
The long-term trend has been DOWN since May 30th, 2022 at 0.00024811
The intermediate-term trend has been UP since Jun 17th, 2022 at 0.00025054
The short-term trend has been UP since Jun 17th, 2022 at 0.00025054
Smart Scan Analysis for UGXEUR
Based on our trend formula, UGXEUR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).