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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.

FOREX_UGXUSD
Open High Low UGXUSD Price Change
0.00026726 0.00026726 0.00026726 0.00026726 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 down The intermediate-term trend has been DOWN since Feb 27th, 2020 at 0.00027112

short term down 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).

-100
Smart Scan Analysis for UGXUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00026726 0.00026726 0.00026726 0.00026726 0.00000000
Prev. Close Volume Bid Ask Time
0.00026531 0.00026439 0.00027013 2020-03-16 08:23:43
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