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.
MarketClub’s Trade Triangles for UGXEUR
The long-term trend has been UP since Mar 7th, 2021 at 0.00022778
The intermediate-term trend has been DOWN since Oct 12th, 2021 at 0.00024094
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).