Forex Trend Analysis Report
Prepared for you on Tuesday, January 19, 2021.
Ugandan Shilling/Euro (FOREX:UGXEUR)
Bear Market Rally (-75) - UGXEUR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on UGXEUR as it may be in the beginning of a reversal.
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.
MarketClub’s Trade Triangles for UGXEUR
The long-term trend has been DOWN since Jul 20th, 2020 at 0.00023650
The intermediate-term trend has been DOWN since Jan 7th, 2021 at 0.00022326
The short-term trend has been UP since Jan 18th, 2021 at 0.00022244
Smart Scan Analysis for UGXEUR
Based on our trend formula, UGXEUR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).