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Forex Trend Analysis Report

Prepared for you on Friday, July 19, 2024.

Ugandan Shilling/Euro (FOREX:UGXEUR)

Crossroads (-60) - UGXEUR is struggling to move into a solid trend. Beware of choppy markets 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.

FOREX_UGXEUR
Open High Low UGXEUR Price Change
0.00024731 0.00024731 0.00024731 0.00024731 0.00000000
Entry Signal

MarketClub’s Trade Triangles for UGXEUR

long term up The long-term trend has been UP since Apr 14th, 2024 at 0.00024358

intermediate term down The intermediate-term trend has been DOWN since Jul 14th, 2024 at 0.00024916

short term down The short-term trend has been DOWN since Jul 4th, 2024 at 0.00025047

Smart Scan Analysis for UGXEUR

Based on our trend formula, UGXEUR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for UGXEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00024731 0.00024731 0.00024731 0.00024731 0.00000000
Prev. Close Volume Bid Ask Time
0.00024792 2024-07-17 21:06:54
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