Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Thursday, August 22, 2019.

Ugandan Shilling/Norwegian Krone (FOREX:UGXNOK)

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.

Open High Low UGXNOK Price Change
2.42575 2.43105 2.41975 2.42445 -0.00130
Entry Signal

MarketClub’s Trade Triangles for UGXNOK

long term up The long term trend has been UP since Jul 23rd, 2019 at 2.34415

intermediate term up The intermediate term trend has been UP since Jun 18th, 2019 at 2.33710

short term down The short term trend has been DOWN since Aug 22nd, 2019 at 2.42490

Smart Scan Analysis for UGXNOK

Based on a pre-defined weighted trend formula for chart analysis, UGXNOK scored +75 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
2.42575 2.43105 2.41975 2.42445 -0.00130
Prev. Close Volume Bid Ask Time
2.42575 2.41280 2.43610 2019-08-22 11:21:34
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