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Forex Trend Analysis Report

Prepared for you on Wednesday, January 20, 2021.

US Dollar/Ugandan Shilling (FOREX:USDUGX)

Weak Downtrend (-65) - USDUGX is showing signs of a strengthening downtrend. Monitor USDUGX as it may be building momentum to the downside.

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.

FOREX_USDUGX
Open High Low USDUGX Price Change
3694.9217 3694.9217 3694.9217 3694.9217 0.0000
Entry Signal

MarketClub’s Trade Triangles for USDUGX

long term down The long-term trend has been DOWN since Dec 2nd, 2020 at 3691.3075

intermediate term up The intermediate-term trend has been UP since Jan 7th, 2021 at 3673.0527

short term down The short-term trend has been DOWN since Jan 20th, 2021 at 3700.4025

Smart Scan Analysis for USDUGX

Based on our trend formula, USDUGX is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for USDUGX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3694.9217 3694.9217 3694.9217 3694.9217 0.0000
Prev. Close Volume Bid Ask Time
3694.9217 2021-01-20 07:18:40
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