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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
US Dollar/Ugandan Shilling (FOREX:USDUGX)
Countertrend Down (-85) - USDUGX is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid USDUGX?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDUGX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for USDUGX
The long-term trend has been DOWN since May 2nd, 2024 at 3796.6646
The intermediate-term trend has been DOWN since Dec 5th, 2024 at 3676.6923
The short-term trend has been UP since Dec 23rd, 2024 at 3647.5351
Smart Scan Analysis for USDUGX
Based on our trend formula, USDUGX is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3679.4401 | 3679.4401 | 3679.4401 | 3679.4401 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3654.6127 | 2024-12-23 07:25:13 |