Forex Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
US Dollar/Ugandan Shilling (FOREX:USDUGX)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for USDUGX
The long term trend has been DOWN since Dec 29th, 2019 at 3651.6500
The intermediate term trend has been UP since Jan 3rd, 2020 at 3687.5876
The short term trend has been DOWN since Jan 12th, 2020 at 3684.1205
Smart Scan Analysis for USDUGX
Based on a pre-defined weighted trend formula for chart analysis, USDUGX scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).