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Forex Trend Analysis Report
Prepared for you on Sunday, May 5, 2024.
Ugandan Shilling/South African Rand (FOREX:UGXZAR)
Sidelines Mode (+55) - UGXZAR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for UGXZAR
The long-term trend has been UP since Apr 21st, 2024 at 0.00500516
The intermediate-term trend has been UP since Apr 8th, 2024 at 0.00488297
The short-term trend has been DOWN since Apr 25th, 2024 at 0.00502625
Smart Scan Analysis for UGXZAR
Based on our trend formula, UGXZAR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00491050 | 0.00491050 | 0.00489369 | 0.00489369 | -0.00001700 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00489562 | 2024-05-02 21:02:32 |