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Forex Trend Analysis Report

Prepared for you on Sunday, May 31, 2020.

Ugandan Shilling/British Pound (FOREX:UGXGBP)

Sidelines Mode (+55) - UGXGBP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid UGXGBP?

MarketClub looks at technical strength and momentum to determine if the timing is right for UGXGBP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_UGXGBP
Open High Low UGXGBP Price Change
0.00021617 0.00021617 0.00021617 0.00021617 0.00000000
Entry Signal

MarketClub’s Trade Triangles for UGXGBP

long term up The long-term trend has been UP since Feb 20th, 2020 at 0.00021129

intermediate term up The intermediate-term trend has been UP since May 11th, 2020 at 0.00021293

short term down The short-term trend has been DOWN since May 19th, 2020 at 0.00021654

Smart Scan Analysis for UGXGBP

Based on our trend formula, UGXGBP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for UGXGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00021617 0.00021617 0.00021617 0.00021617 0.00000000
Prev. Close Volume Bid Ask Time
0.00021617 0.00021381 0.00021852 2020-05-25 21:04:34
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