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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.

FOREX_UGXZAR
Open High Low UGXZAR Price Change
0.00472823 0.00472823 0.00462374 0.00462374 -0.00010400
Entry Signal

MarketClub’s Trade Triangles for UGXZAR

long term up The long-term trend has been UP since Feb 3rd, 2020 at 0.00404798

intermediate term down The intermediate-term trend has been DOWN since May 20th, 2020 at 0.00481901

short term down 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).

-70
Smart Scan Analysis for UGXZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00472823 0.00472823 0.00462374 0.00462374 -0.00010400
Prev. Close Volume Bid Ask Time
0.00464136 0.00457372 0.00467375 2020-05-21 21:08:16
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