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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
Ugandan Shilling/US Dollar (FOREX:UGXUSD)
Weak Uptrend (+65) - UGXUSD is showing signs of weakening momentum to the upside. Monitor UGXUSD as it may be in the beginning stages of a reversal.
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 UP since Dec 5th, 2024 at 0.00027202
The short-term trend has been DOWN since Dec 23rd, 2024 at 0.00027420
Smart Scan Analysis for UGXUSD
Based on our trend formula, UGXUSD is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00027182 | 0.00027182 | 0.00027182 | 0.00027182 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00027367 | 2024-12-23 07:25:13 |