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.
MarketClub’s Trade Triangles for UGXUSD
The long-term trend has been UP since Dec 2nd, 2020 at 0.00027094
The intermediate-term trend has been UP since Jan 27th, 2021 at 0.00027067
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).