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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

British Pound/Ugandan Shilling (FOREX:GBPUGX)

Weak Downtrend (-65) - GBPUGX is showing signs of a strengthening downtrend. Monitor GBPUGX as it may be building momentum to the downside.

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.

FOREX_GBPUGX
Open High Low GBPUGX Price Change
4927.7805 4927.7805 4927.7805 4927.7805 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPUGX

long term up The long-term trend has been UP since Nov 24th, 2023 at 4760.4513

intermediate term down The intermediate-term trend has been DOWN since Mar 19th, 2024 at 4944.6443

short term down The short-term trend has been DOWN since Mar 18th, 2024 at 4976.8485

Smart Scan Analysis for GBPUGX

Based on our trend formula, GBPUGX is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for GBPUGX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4927.7805 4927.7805 4927.7805 4927.7805 0.0000
Prev. Close Volume Bid Ask Time
4906.6007 2024-03-19 22:06:41
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