Forex Trend Analysis Report
Prepared for you on Sunday, February 17, 2019.
Ugandan Shilling/South African Rand (FOREX:UGXZAR)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
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 DOWN since Jan 30th, 2019 at 0.003673
The intermediate term trend has been UP since Feb 15th, 2019 at 0.003776
The short term trend has been UP since Feb 6th, 2019 at 0.003635
Smart Scan Analysis for UGXZAR
Based on a pre-defined weighted trend formula for chart analysis, UGXZAR scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).