Forex Trend Analysis Report
Prepared for you on Friday, February 15, 2019.
Ugandan Shilling/British Pound (FOREX:UGXGBP)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for UGXGBP
The long term trend has been UP since Jul 15th, 2018 at 0.000200
The intermediate term trend has been UP since Feb 12th, 2019 at 0.000210
The short term trend has been UP since Feb 5th, 2019 at 0.000208
Smart Scan Analysis for UGXGBP
Based on a pre-defined weighted trend formula for chart analysis, UGXGBP scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).