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Forex Trend Analysis Report

Prepared for you on Friday, August 23, 2019.

Ugandan Shilling/South African Rand (FOREX:UGXZAR)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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.

FOREX_UGXZAR
Open High Low UGXZAR Price Change
0.004115 0.004115 0.004115 0.004115 0.000000
Entry Signal

MarketClub’s Trade Triangles for UGXZAR

long term up The long term trend has been UP since May 30th, 2019 at 0.003913

intermediate term up The intermediate term trend has been UP since Jul 31st, 2019 at 0.003838

short term up The short term trend has been UP since Jul 31st, 2019 at 0.003762

Smart Scan Analysis for UGXZAR

Based on a pre-defined weighted trend formula for chart analysis, UGXZAR scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+80
Smart Scan Analysis for UGXZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.004115 0.004115 0.004115 0.004115 0.000000
Prev. Close Volume Bid Ask Time
0.004134 0.004070 0.004161 2019-08-21 21:13:57
Want to analyze Ugandan Shilling/South African Rand UGXZAR or another symbol? Try our Free Forex Trend Analysis Report.