Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Friday, October 30, 2020.

Ugandan Shilling/Euro (FOREX:UGXEUR)

Bear Market Rally (-75) - UGXEUR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on UGXEUR as it may be in the beginning of a reversal.

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
0.00022909 0.00022909 0.00022909 0.00022909 0.00000000
Entry Signal

MarketClub’s Trade Triangles for UGXEUR

long term down The long-term trend has been DOWN since Jul 20th, 2020 at 0.00023650

intermediate term down The intermediate-term trend has been DOWN since Oct 11th, 2020 at 0.00022937

short term up The short-term trend has been UP since Oct 29th, 2020 at 0.00022713

Smart Scan Analysis for UGXEUR

Based on our trend formula, UGXEUR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for UGXEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00022909 0.00022909 0.00022909 0.00022909 0.00000000
Prev. Close Volume Bid Ask Time
0.00022909 2020-10-30 08:14:50
Get a free daily analysis and signals for Ugandan Shilling/Euro (UGXEUR) - Request Your Free Report.