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Forex Trend Analysis Report

Prepared for you on Wednesday, May 22, 2019.

Ugandan Shilling/Norwegian Krone (FOREX:UGXNOK)

Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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.

Open High Low UGXNOK Price Change
2.33230 2.33285 2.32470 2.32470 -0.00760
Entry Signal

MarketClub’s Trade Triangles for UGXNOK

long term down The long term trend has been DOWN since Apr 11th, 2019 at 2.25955

intermediate term up The intermediate term trend has been UP since Apr 25th, 2019 at 2.31970

short term up The short term trend has been UP since May 17th, 2019 at 2.32245

Smart Scan Analysis for UGXNOK

Based on a pre-defined weighted trend formula for chart analysis, UGXNOK scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for UGXNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.33230 2.33285 2.32470 2.32470 -0.00760
Prev. Close Volume Bid Ask Time
2.33230 2.31370 2.33570 2019-05-22 06:40:37
Want to analyze Ugandan Shilling/Norwegian Krone UGXNOK or another symbol? Try our Free Forex Trend Analysis Report.