Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, April 25, 2024.
Ugandan Shilling/South African Rand (FOREX:UGXZAR)
Countertrend Up (+85) - UGXZAR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid UGXZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for UGXZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for UGXZAR
The long-term trend has been UP since Apr 21st, 2024 at 0.00500516
The intermediate-term trend has been UP since Apr 8th, 2024 at 0.00488297
The short-term trend has been UP since Apr 8th, 2024 at 0.00487860
Smart Scan Analysis for UGXZAR
Based on our trend formula, UGXZAR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00504993 | 0.00504993 | 0.00504993 | 0.00504993 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00504993 | 2024-04-24 21:01:01 |