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Forex Trend Analysis Report

Prepared for you on Sunday, January 23, 2022.

South African Rand/Ugandan Shilling (FOREX:ZARUGX)

Sidelines Mode (+50) - ZARUGX is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until ZARUGX can gain momentum.

Is it time to buy, sell, or avoid ZARUGX?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZARUGX.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_ZARUGX
Open High Low ZARUGX Price Change
229.38353 229.38353 229.38353 229.38353 0.00000
Entry Signal

MarketClub’s Trade Triangles for ZARUGX

long term down The long-term trend has been DOWN since Jul 19th, 2021 at 249.29105

intermediate term up The intermediate-term trend has been UP since Dec 26th, 2021 at 224.96551

short term up The short-term trend has been UP since Jan 10th, 2022 at 224.22943

Smart Scan Analysis for ZARUGX

Based on our trend formula, ZARUGX is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for ZARUGX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
229.38353 229.38353 229.38353 229.38353 0.00000
Prev. Close Volume Bid Ask Time
229.38353 2022-01-13 07:15:18
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