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Forex Trend Analysis Report

Prepared for you on Sunday, October 24, 2021.

Ugandan Shilling/US Dollar (FOREX:UGXUSD)

Bear Market Rally (-75) - UGXUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on UGXUSD as it may be in the beginning 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.

FOREX_UGXUSD
Open High Low UGXUSD Price Change
0.00028035 0.00028035 0.00028035 0.00028035 0.00000000
Entry Signal

MarketClub’s Trade Triangles for UGXUSD

long term down The long-term trend has been DOWN since Oct 7th, 2021 at 0.00028056

intermediate term down The intermediate-term trend has been DOWN since Sep 21st, 2021 at 0.00028291

short term up The short-term trend has been UP since Oct 23rd, 2021 at 0.00027806

Smart Scan Analysis for UGXUSD

Based on our trend formula, UGXUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for UGXUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00028035 0.00028035 0.00028035 0.00028035 0.00000000
Prev. Close Volume Bid Ask Time
0.00028035 2021-10-23 18:50:31
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