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Forex Trend Analysis Report

Prepared for you on Sunday, August 18, 2019.

US Dollar/Ugandan Shilling (FOREX:USDUGX)

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.

FOREX_USDUGX
Open High Low USDUGX Price Change
3709.2 3709.2 3709.2 3709.2 0.0
Entry Signal

MarketClub’s Trade Triangles for USDUGX

long term down The long term trend has been DOWN since Jun 23rd, 2019 at 3683.85

intermediate term up The intermediate term trend has been UP since Aug 15th, 2019 at 3705.05

short term up The short term trend has been UP since Aug 11th, 2019 at 3693.95

Smart Scan Analysis for USDUGX

Based on a pre-defined weighted trend formula for chart analysis, USDUGX scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+50
Smart Scan Analysis for USDUGX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3709.2 3709.2 3709.2 3709.2 0.0
Prev. Close Volume Bid Ask Time
3709.2 3668.7 3749.7 2019-08-15 21:07:39
Want to analyze US Dollar/Ugandan Shilling USDUGX or another symbol? Try our Free Forex Trend Analysis Report.