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Forex Trend Analysis Report

Prepared for you on Friday, March 31, 2023.

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
209.7239 209.7239 209.7239 209.7239 0.0000
Entry Signal

MarketClub’s Trade Triangles for ZARUGX

long term down The long-term trend has been DOWN since May 2nd, 2022 at 228.44383

intermediate term up The intermediate-term trend has been UP since Mar 24th, 2023 at 204.66224

short term up The short-term trend has been UP since Mar 24th, 2023 at 203.16616

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
209.7239 209.7239 209.7239 209.7239 0.0000
Prev. Close Volume Bid Ask Time
209.7239 2023-03-30 07:27:59
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