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Forex Trend Analysis Report

Prepared for you on Tuesday, December 5, 2023.

Ugandan Shilling/South African Rand (FOREX:UGXZAR)

Sidelines Mode (+50) - UGXZAR is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until UGXZAR can gain momentum.

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
0.00497984 0.00497984 0.00497979 0.00497979 0.00000000
Entry Signal

MarketClub’s Trade Triangles for UGXZAR

long term down The long-term trend has been DOWN since Nov 12th, 2023 at 0.00499024

intermediate term up The intermediate-term trend has been UP since Dec 5th, 2023 at 0.00497359

short term up The short-term trend has been UP since Dec 4th, 2023 at 0.00490906

Smart Scan Analysis for UGXZAR

Based on our trend formula, UGXZAR is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for UGXZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00497984 0.00497984 0.00497979 0.00497979 0.00000000
Prev. Close Volume Bid Ask Time
0.00497984 2023-12-05 21:38:48
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