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Forex Trend Analysis Report

Prepared for you on Wednesday, August 4, 2021.

South African Rand/Ugandan Shilling (FOREX:ZARUGX)

Long-Term Downtrend (-90) - ZARUGX is in a strong downtrend that is likely to continue. While ZARUGX is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
245.83319 245.83319 245.83319 245.83319 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 down The intermediate-term trend has been DOWN since Jun 14th, 2021 at 257.49827

short term down The short-term trend has been DOWN since Jun 14th, 2021 at 257.49827

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
245.83319 245.83319 245.83319 245.83319 0.00000
Prev. Close Volume Bid Ask Time
248.79286 2021-08-02 07:24:30
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