Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Saturday, June 15, 2024.

Ugandan Shilling/US Dollar (FOREX:UGXUSD)

Strong Uptrend (+100) - UGXUSD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, UGXUSD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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
0.00026929 0.00026929 0.00026929 0.00026929 0.00000000
Entry Signal

MarketClub’s Trade Triangles for UGXUSD

long term up The long-term trend has been UP since May 2nd, 2024 at 0.00026342

intermediate term up The intermediate-term trend has been UP since May 2nd, 2024 at 0.00026342

short term up The short-term trend has been UP since Jun 6th, 2024 at 0.00026306

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
0.00026929 0.00026929 0.00026929 0.00026929 0.00000000
Prev. Close Volume Bid Ask Time
0.00026988 2024-06-14 07:26:18
Get a free daily analysis and signals for Ugandan Shilling/US Dollar (UGXUSD) - Request Your Free Report.