Forex Trend Analysis Report
Prepared for you on Tuesday, September 28, 2021.
Ugandan Shilling/Euro (FOREX:UGXEUR)
Countertrend Up (+85) - UGXEUR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Mar 7th, 2021 at 0.00022778
The intermediate-term trend has been UP since Sep 27th, 2021 at 0.00024094
The short-term trend has been UP since Sep 9th, 2021 at 0.00023937
Smart Scan Analysis for UGXEUR
Based on our trend formula, UGXEUR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).