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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Ugandan Shilling/South African Rand (FOREX:UGXZAR)
Sidelines Mode (+50) - UGXZAR is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until UGXZAR can gain momentum.
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 DOWN since Jun 21st, 2024 at 0.00478519
The intermediate-term trend has been UP since Oct 3rd, 2024 at 0.00477336
The short-term trend has been UP since Oct 1st, 2024 at 0.00472840
Smart Scan Analysis for UGXZAR
Based on our trend formula, UGXZAR is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00491569 | 0.00491569 | 0.00491569 | 0.00491569 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00493923 | 2024-11-12 07:25:08 |