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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
US Dollar/Ugandan Shilling (FOREX:USDUGX)
Crossroads (+60) - USDUGX is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 Jul 24th, 2024 at 3719.5395
The short-term trend has been UP since Jul 24th, 2024 at 3695.1331
Smart Scan Analysis for USDUGX
Based on our trend formula, USDUGX is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3729.2194 | 3729.2194 | 3728.0863 | 3728.0863 | -1.1331 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3729.2194 | 2024-07-26 14:00:13 |