Forex Trend Analysis Report
Prepared for you on Saturday, April 1, 2023.
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.
MarketClub’s Trade Triangles for UGXUSD
The long-term trend has been DOWN since Mar 2nd, 2023 at 0.00026839
The intermediate-term trend has been DOWN since Feb 23rd, 2023 at 0.00027022
The short-term trend has been UP since Mar 31st, 2023 at 0.00026487
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).