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Forex Trend Analysis Report

Prepared for you on Friday, February 26, 2021.

Ugandan Shilling/US Dollar (FOREX:UGXUSD)

Weak Uptrend (+65) - UGXUSD is showing signs of weakening momentum to the upside. Monitor UGXUSD as it may be in the beginning stages 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
0.00027272 0.00027272 0.00027272 0.00027272 0.00000000
Entry Signal

MarketClub’s Trade Triangles for UGXUSD

long term up The long-term trend has been UP since Dec 2nd, 2020 at 0.00027094

intermediate term up The intermediate-term trend has been UP since Jan 27th, 2021 at 0.00027067

short term down The short-term trend has been DOWN since Feb 16th, 2021 at 0.00027272

Smart Scan Analysis for UGXUSD

Based on our trend formula, UGXUSD is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for UGXUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00027272 0.00027272 0.00027272 0.00027272 0.00000000
Prev. Close Volume Bid Ask Time
0.00027272 2021-02-24 07:23:17
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