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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.

FOREX_GBPUGX
Open High Low GBPUGX Price Change
4725.6409 4725.6409 4725.6409 4725.6409 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPUGX

long term down The long-term trend has been DOWN since Feb 20th, 2020 at 4733.4022

intermediate term down The intermediate-term trend has been DOWN since Dec 23rd, 2019 at 4767.2389

short term down 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).

-100
Smart Scan Analysis for GBPUGX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4725.6409 4725.6409 4725.6409 4725.6409 0.0000
Prev. Close Volume Bid Ask Time
4725.6409 4672.0027 4779.2790 2020-02-20 07:21:18
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