Forex Trend Analysis Report
Prepared for you on Tuesday, March 28, 2023.
Ugandan Shilling/South African Rand (FOREX:UGXZAR)
Weak Downtrend (-65) - UGXZAR is showing signs of a strengthening downtrend. Monitor UGXZAR as it may be building momentum to the downside.
Is it time to buy, sell, or avoid UGXZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for UGXZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for UGXZAR
The long-term trend has been UP since May 2nd, 2022 at 0.00437801
The intermediate-term trend has been DOWN since Mar 24th, 2023 at 0.00488673
The short-term trend has been DOWN since Mar 24th, 2023 at 0.00492272
Smart Scan Analysis for UGXZAR
Based on our trend formula, UGXZAR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).