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Forex Trend Analysis Report

Prepared for you on Tuesday, June 25, 2024.

South African Rand/Ugandan Shilling (FOREX:ZARUGX)

Long-Term Uptrend (+90) - ZARUGX is in a strong uptrend that is likely to continue. While ZARUGX is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
209.4731 209.4731 209.4731 209.4731 0.0000
Entry Signal

MarketClub’s Trade Triangles for ZARUGX

long term up The long-term trend has been UP since Jun 21st, 2024 at 209.00119

intermediate term up The intermediate-term trend has been UP since Jun 20th, 2024 at 207.46125

short term up The short-term trend has been UP since Jun 12th, 2024 at 203.18636

Smart Scan Analysis for ZARUGX

Based on our trend formula, ZARUGX is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for ZARUGX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
209.4731 209.4731 209.4731 209.4731 0.0000
Prev. Close Volume Bid Ask Time
206.5413 2024-06-22 02:49:30
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