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Forex Trend Analysis Report

Prepared for you on Monday, June 1, 2020.

Ugandan Shilling/US Dollar (FOREX:UGXUSD)

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

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.

FOREX_UGXUSD
Open High Low UGXUSD Price Change
0.00026412 0.00026412 0.00026412 0.00026412 0.00000000
Entry Signal

MarketClub’s Trade Triangles for UGXUSD

long term down The long-term trend has been DOWN since Mar 9th, 2020 at 0.00026924

intermediate term up The intermediate-term trend has been UP since May 18th, 2020 at 0.00026445

short term down The short-term trend has been DOWN since May 18th, 2020 at 0.00026424

Smart Scan Analysis for UGXUSD

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

-75
Smart Scan Analysis for UGXUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00026412 0.00026412 0.00026412 0.00026412 0.00000000
Prev. Close Volume Bid Ask Time
0.00026412 0.00026124 0.00026700 2020-05-25 21:04:34
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