Forex Trend Analysis Report
Prepared for you on Saturday, May 25, 2019.
US Dollar/Ugandan Shilling (FOREX:USDUGX)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines 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 USDUGX
The long term trend has been UP since Apr 10th, 2019 at 3745.85
The intermediate term trend has been UP since Feb 28th, 2019 at 3679.85
The short term trend has been DOWN since May 16th, 2019 at 3769.80
Smart Scan Analysis for USDUGX
Based on a pre-defined weighted trend formula for chart analysis, USDUGX scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).