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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.

FOREX_USDUGX
Open High Low USDUGX Price Change
3677.8484 3677.8484 3677.8484 3677.8484 0.0000
Entry Signal

MarketClub’s Trade Triangles for USDUGX

long term down The long term trend has been DOWN since Dec 29th, 2019 at 3651.6500

intermediate term up The intermediate term trend has been UP since Jan 3rd, 2020 at 3687.5876

short term down 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).

+55
Smart Scan Analysis for USDUGX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3677.8484 3677.8484 3677.8484 3677.8484 0.0000
Prev. Close Volume Bid Ask Time
3677.8484 3637.3295 3718.3672 2020-01-21 07:17:53
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