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Forex Trend Analysis Report

Prepared for you on Monday, October 14, 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
3708.1106 3708.1106 3708.1106 3708.1106 0.0000
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 Oct 13th, 2019 at 3689.30

short term up The short term trend has been UP since Sep 25th, 2019 at 3681.15

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
3708.1106 3708.1106 3708.1106 3708.1106 0.0000
Prev. Close Volume Bid Ask Time
3708.1106 3667.3312 3748.8899 2019-10-13 05:13:13
Want to analyze US Dollar/Ugandan Shilling USDUGX or another symbol? Try our Free Forex Trend Analysis Report.