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.
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 Jul 31st, 2019 at 0.003838
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).