Forex Trend Analysis Report
Prepared for you on Sunday, January 19, 2020.
Ugandan Shilling/US Dollar (FOREX:UGXUSD)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for UGXUSD
The long term trend has been UP since Dec 29th, 2019 at 0.00027400
The intermediate term trend has been DOWN since Jan 3rd, 2020 at 0.00027121
The short term trend has been UP since Jan 12th, 2020 at 0.00027147
Smart Scan Analysis for UGXUSD
Based on a pre-defined weighted trend formula for chart analysis, UGXUSD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).