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.
MarketClub’s Trade Triangles for UGXGBP
The long-term trend has been UP since Feb 20th, 2020 at 0.00021129
The intermediate-term trend has been UP since May 11th, 2020 at 0.00021293
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).