Forex Trend Analysis Report
Prepared for you on Thursday, February 21, 2019.
Ugandan Shilling/US Dollar (FOREX:UGXUSD)
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 UGXUSD
The long term trend has been UP since Jul 15th, 2018 at 0.000270
The intermediate term trend has been UP since Oct 4th, 2018 at 0.000264
The short term trend has been DOWN since Feb 19th, 2019 at 0.000273
Smart Scan Analysis for UGXUSD
Based on a pre-defined weighted trend formula for chart analysis, UGXUSD scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).