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.
MarketClub’s Trade Triangles for UGXZAR
The long-term trend has been UP since Mar 7th, 2021 at 0.00416194
The intermediate-term trend has been UP since Mar 4th, 2021 at 0.00408909
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).