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Forex Trend Analysis Report

Prepared for you on Tuesday, June 18, 2024.

Ugandan Shilling/Euro (FOREX:UGXEUR)

Long-Term Uptrend (+90) - UGXEUR is in a strong uptrend that is likely to continue. While UGXEUR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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.

FOREX_UGXEUR
Open High Low UGXEUR Price Change
0.00025167 0.00025167 0.00025167 0.00025167 0.00000000
Entry Signal

MarketClub’s Trade Triangles for UGXEUR

long term up The long-term trend has been UP since Apr 14th, 2024 at 0.00024358

intermediate term up The intermediate-term trend has been UP since Jun 11th, 2024 at 0.00024263

short term up The short-term trend has been UP since Jun 6th, 2024 at 0.00024204

Smart Scan Analysis for UGXEUR

Based on our trend formula, UGXEUR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for UGXEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00025167 0.00025167 0.00025167 0.00025167 0.00000000
Prev. Close Volume Bid Ask Time
0.00025097 2024-06-16 21:00:22
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