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Forex Trend Analysis Report
Prepared for you on Friday, May 10, 2024.
Ugandan Shilling/Euro (FOREX:UGXEUR)
Sidelines Mode (+55) - UGXEUR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid UGXEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for UGXEUR.
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 UGXEUR
The long-term trend has been UP since Apr 14th, 2024 at 0.00024358
The intermediate-term trend has been UP since Mar 19th, 2024 at 0.00023621
The short-term trend has been DOWN since May 10th, 2024 at 0.00024603
Smart Scan Analysis for UGXEUR
Based on our trend formula, UGXEUR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00024549 | 0.00024549 | 0.00024549 | 0.00024549 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00024549 | 2024-05-10 07:26:27 |