Forex Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
Ugandan Shilling/South African Rand (FOREX:UGXZAR)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for UGXZAR
The long term trend has been DOWN since Dec 18th, 2019 at 0.00391436
The intermediate term trend has been UP since Jan 12th, 2020 at 0.00388575
The short term trend has been UP since Jan 26th, 2020 at 0.00390865
Smart Scan Analysis for UGXZAR
Based on a pre-defined weighted trend formula for chart analysis, UGXZAR scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).