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Forex Trend Analysis Report
Prepared for you on Saturday, April 20, 2024.
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.
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MarketClub’s Trade Triangles for ZARUGX
The long-term trend has been DOWN since Apr 20th, 2024 at 199.66458
The intermediate-term trend has been DOWN since Apr 8th, 2024 at 204.81665
The short-term trend has been DOWN since Apr 8th, 2024 at 205.00056
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 199.19282 | 199.19282 | 199.19282 | 199.19282 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 199.19282 | 2024-04-20 05:38:10 |