Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
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 Nov 19th, 2023 at 0.00024387
The intermediate-term trend has been DOWN since Oct 18th, 2023 at 0.00025237
The short-term trend has been UP since Dec 4th, 2023 at 0.00024134
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).