Forex Trend Analysis Report
Prepared for you on Sunday, June 16, 2019.
Ugandan Shilling/South African Rand (FOREX:UGXZAR)
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 UGXZAR
The long term trend has been UP since May 30th, 2019 at 0.003913
The intermediate term trend has been UP since May 26th, 2019 at 0.003840
The short term trend has been UP since May 19th, 2019 at 0.003806
Smart Scan Analysis for UGXZAR
Based on a pre-defined weighted trend formula for chart analysis, UGXZAR scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).