Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
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.
MarketClub’s Trade Triangles for UGXZAR
The long-term trend has been UP since Feb 3rd, 2020 at 0.00404798
The intermediate-term trend has been DOWN since May 20th, 2020 at 0.00481901
The short-term trend has been DOWN since May 18th, 2020 at 0.00487541
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).