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Forex Trend Analysis Report

Prepared for you on Thursday, August 11, 2022.

Ugandan Shilling/US Dollar (FOREX:UGXUSD)

Long-Term Downtrend (-90) - UGXUSD is in a strong downtrend that is likely to continue. While UGXUSD is showing intraday strength, it remains in the confines of a bearish trend. 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
0.00025863 0.00025863 0.00025863 0.00025863 0.00000000
Entry Signal

MarketClub’s Trade Triangles for UGXUSD

long term down The long-term trend has been DOWN since Mar 4th, 2022 at 0.00028010

intermediate term down The intermediate-term trend has been DOWN since Jul 4th, 2022 at 0.00026748

short term down The short-term trend has been DOWN since Jul 4th, 2022 at 0.00026739

Smart Scan Analysis for UGXUSD

Based on our trend formula, UGXUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for UGXUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00025863 0.00025863 0.00025863 0.00025863 0.00000000
Prev. Close Volume Bid Ask Time
0.00025863 2022-08-10 07:20:32
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