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Forex Trend Analysis Report

Prepared for you on Thursday, October 21, 2021.

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.

FOREX_UGXZAR
Open High Low UGXZAR Price Change
0.00402122 0.00402122 0.00402122 0.00402122 0.00000000
Entry Signal

MarketClub’s Trade Triangles for UGXZAR

long term up The long-term trend has been UP since Jul 19th, 2021 at 0.00401183

intermediate term down The intermediate-term trend has been DOWN since Oct 12th, 2021 at 0.00416854

short term down The short-term trend has been DOWN since Oct 7th, 2021 at 0.00421108

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).

-70
Smart Scan Analysis for UGXZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00402122 0.00402122 0.00402122 0.00402122 0.00000000
Prev. Close Volume Bid Ask Time
0.00402122 2021-10-20 07:19:49
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