Forex Trend Analysis Report
Prepared for you on Saturday, July 20, 2019.
Ugandan Shilling/Icelandic Krona (FOREX:UGXISK)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight 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 UGXISK
The long term trend has been UP since Jun 12th, 2019 at 3.31875
The intermediate term trend has been UP since Mar 26th, 2019 at 3.28655
The short term trend has been DOWN since Jul 18th, 2019 at 3.40365
Smart Scan Analysis for UGXISK
Based on a pre-defined weighted trend formula for chart analysis, UGXISK scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).