Forex Trend Analysis Report
Prepared for you on Monday, March 30, 2020.
Ugandan Shilling/US Dollar (FOREX:UGXUSD)
Strong Downtrend (-100) - UGXUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. 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.
MarketClub’s Trade Triangles for UGXUSD
The long-term trend has been DOWN since Mar 9th, 2020 at 0.00026924
The intermediate-term trend has been DOWN since Feb 27th, 2020 at 0.00027112
The short-term trend has been DOWN since Mar 16th, 2020 at 0.00026781
Smart Scan Analysis for UGXUSD
Based on our trend formula, UGXUSD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).