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Forex Trend Analysis Report
Prepared for you on Thursday, August 11, 2022.
Ugandan Shilling/US Dollar (FOREX:UGXUSD)
Long-Term Downtrend (-90) - UGXUSD is in a strong downtrend that is likely to continue. While UGXUSD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid UGXUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for UGXUSD.
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 UGXUSD
The long-term trend has been DOWN since Mar 4th, 2022 at 0.00028010
The intermediate-term trend has been DOWN since Jul 4th, 2022 at 0.00026748
The short-term trend has been DOWN since Jul 4th, 2022 at 0.00026739
Smart Scan Analysis for UGXUSD
Based on our trend formula, UGXUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00025863 | 0.00025863 | 0.00025863 | 0.00025863 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00025863 | 2022-08-10 07:20:32 |