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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
US Dollar/Ugandan Shilling (FOREX:USDUGX)
Sidelines Mode (+50) - USDUGX is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until USDUGX can gain momentum.
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 May 2nd, 2024 at 3796.6646
The intermediate-term trend has been UP since Nov 12th, 2024 at 3665.1411
The short-term trend has been UP since Nov 12th, 2024 at 3672.6712
Smart Scan Analysis for USDUGX
Based on our trend formula, USDUGX is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3676.6923 | 3676.6923 | 3676.6923 | 3676.6923 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3681.1910 | 2024-11-12 07:25:08 |