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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.

FOREX_UGXZAR
Open High Low UGXZAR Price Change
0.00394937 0.00396329 0.00394937 0.00396329 +0.00001400
Entry Signal

MarketClub’s Trade Triangles for UGXZAR

long term down The long term trend has been DOWN since Dec 18th, 2019 at 0.00391436

intermediate term up The intermediate term trend has been UP since Jan 12th, 2020 at 0.00388575

short term up 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).

+70
Smart Scan Analysis for UGXZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00394937 0.00396329 0.00394937 0.00396329 +0.00001400
Prev. Close Volume Bid Ask Time
0.00395625 0.00391936 0.00400723 2020-01-27 21:07:26
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