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Forex Trend Analysis Report
Prepared for you on Friday, May 9, 2025.
US Dollar/Ugandan Shilling (FOREX:USDUGX)
Countertrend Down (-85) - USDUGX is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid USDUGX?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDUGX.
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 USDUGX
The long-term trend has been DOWN since Mar 5th, 2025 at 3640.2570
The intermediate-term trend has been DOWN since Apr 27th, 2025 at 3664.2121
The short-term trend has been UP since May 3rd, 2025 at 3663.5507
Smart Scan Analysis for USDUGX
Based on our trend formula, USDUGX is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3671.989 | 3671.989 | 3671.989 | 3671.989 | 0.000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3653.736 | 2025-05-03 16:46:28 |