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Forex Trend Analysis Report
Prepared for you on Tuesday, April 23, 2024.
Ugandan Shilling/US Dollar (FOREX:UGXUSD)
Crossroads (-60) - UGXUSD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid UGXUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for UGXUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for UGXUSD
The long-term trend has been DOWN since Sep 22nd, 2023 at 0.00026709
The intermediate-term trend has been UP since Mar 18th, 2024 at 0.00025677
The short-term trend has been UP since Mar 18th, 2024 at 0.00025677
Smart Scan Analysis for UGXUSD
Based on our trend formula, UGXUSD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00026305 | 0.00026305 | 0.00026305 | 0.00026305 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00026237 | 2024-04-21 15:40:05 |