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Forex Trend Analysis Report
Prepared for you on Sunday, May 5, 2024.
Ugandan Shilling/Euro (FOREX:UGXEUR)
Countertrend Up (+85) - UGXEUR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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.
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MarketClub’s Trade Triangles for UGXEUR
The long-term trend has been UP since Apr 14th, 2024 at 0.00024358
The intermediate-term trend has been UP since Mar 19th, 2024 at 0.00023621
The short-term trend has been UP since May 2nd, 2024 at 0.00024477
Smart Scan Analysis for UGXEUR
Based on our trend formula, UGXEUR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00024591 | 0.00024591 | 0.00024591 | 0.00024591 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00024603 | 2024-05-02 21:02:32 |