Forex Trend Analysis Report
Prepared for you on Sunday, February 23, 2020.
British Pound/Ugandan Shilling (FOREX:GBPUGX)
Strong Downtrend (-100) - GBPUGX is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid GBPUGX?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPUGX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPUGX
The long-term trend has been DOWN since Feb 20th, 2020 at 4733.4022
The intermediate-term trend has been DOWN since Dec 23rd, 2019 at 4767.2389
The short-term trend has been DOWN since Feb 20th, 2020 at 4768.9076
Smart Scan Analysis for GBPUGX
Based on our trend formula, GBPUGX is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).