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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.
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MarketClub’s Trade Triangles for ZARUGX
The long-term trend has been DOWN since Jul 19th, 2021 at 249.29105
The intermediate-term trend has been UP since Dec 26th, 2021 at 224.96551
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).
| 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 |