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Forex Trend Analysis Report

Prepared for you on Monday, December 4, 2023.

US Dollar/Ugandan Shilling (FOREX:USDUGX)

Countertrend Up (+85) - USDUGX is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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.

FOREX_USDUGX
Open High Low USDUGX Price Change
3805.2736 3811.4334 3805.2736 3811.4334 +6.1598
Entry Signal

MarketClub’s Trade Triangles for USDUGX

long term up The long-term trend has been UP since Sep 22nd, 2023 at 3744.4532

intermediate term up The intermediate-term trend has been UP since Nov 19th, 2023 at 3764.8282

short term up The short-term trend has been UP since Nov 19th, 2023 at 3764.8282

Smart Scan Analysis for USDUGX

Based on our trend formula, USDUGX is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for USDUGX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3805.2736 3811.4334 3805.2736 3811.4334 +6.1598
Prev. Close Volume Bid Ask Time
3805.2736 2023-12-03 20:55:50
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