Forex Trend Analysis Report
Prepared for you on Thursday, November 30, 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.
MarketClub’s Trade Triangles for UGXEUR
The long-term trend has been DOWN since Nov 19th, 2023 at 0.00024387
The intermediate-term trend has been DOWN since Oct 18th, 2023 at 0.00025237
The short-term trend has been DOWN since Oct 18th, 2023 at 0.00025301
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).