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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Ugandan Shilling/US Dollar (FOREX:UGXUSD)
Weak Downtrend (-65) - UGXUSD is showing signs of a strengthening downtrend. Monitor UGXUSD as it may be building momentum to the downside.
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.
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MarketClub’s Trade Triangles for UGXUSD
The long-term trend has been UP since May 2nd, 2024 at 0.00026342
The intermediate-term trend has been DOWN since Nov 12th, 2024 at 0.00027288
The short-term trend has been DOWN since Nov 12th, 2024 at 0.00027232
Smart Scan Analysis for UGXUSD
Based on our trend formula, UGXUSD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00027202 | 0.00027202 | 0.00027202 | 0.00027202 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00027169 | 2024-11-12 07:25:08 |