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Forex Trend Analysis Report

Prepared for you on Saturday, June 22, 2024.

Ugandan Shilling/South African Rand (FOREX:UGXZAR)

Strong Downtrend (-100) - UGXZAR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, UGXZAR continues to fall. Traders should use caution and set stops.

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.

FOREX_UGXZAR
Open High Low UGXZAR Price Change
0.00477449 0.00477449 0.00477449 0.00477449 0.00000000
Entry Signal

MarketClub’s Trade Triangles for UGXZAR

long term down The long-term trend has been DOWN since Jun 21st, 2024 at 0.00478519

intermediate term down The intermediate-term trend has been DOWN since Jun 20th, 2024 at 0.00482075

short term down The short-term trend has been DOWN since Jun 12th, 2024 at 0.00492217

Smart Scan Analysis for UGXZAR

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

-100
Smart Scan Analysis for UGXZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00477449 0.00477449 0.00477449 0.00477449 0.00000000
Prev. Close Volume Bid Ask Time
0.00477449 2024-06-22 02:49:30
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