Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Ugandan Shilling/South African Rand (FOREX:UGXZAR)
Strong Downtrend (-100) - UGXZAR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, UGXZAR continues to fall. Traders should use caution and set stops.
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 DOWN since Jun 21st, 2024 at 0.00478519
The intermediate-term trend has been DOWN since Jul 14th, 2024 at 0.00487254
The short-term trend has been DOWN since Jul 24th, 2024 at 0.00494156
Smart Scan Analysis for UGXZAR
Based on our trend formula, UGXZAR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00489770 | 0.00490498 | 0.00489770 | 0.00490498 | +0.00000700 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00489770 | 2024-07-26 14:00:13 |