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Forex Trend Analysis Report

Prepared for you on Monday, March 8, 2021.

Ugandan Shilling/South African Rand (FOREX:UGXZAR)

Countertrend Up (+85) - UGXZAR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
0.0042353 0.0042353 0.0042353 0.0042353 0.0000000
Entry Signal

MarketClub’s Trade Triangles for UGXZAR

long term up The long-term trend has been UP since Mar 7th, 2021 at 0.00416194

intermediate term up The intermediate-term trend has been UP since Mar 4th, 2021 at 0.00408909

short term up The short-term trend has been UP since Mar 3rd, 2021 at 0.00399590

Smart Scan Analysis for UGXZAR

Based on our trend formula, UGXZAR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for UGXZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.0042353 0.0042353 0.0042353 0.0042353 0.0000000
Prev. Close Volume Bid Ask Time
0.0042353 2021-03-08 07:19:12
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