Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Wednesday, January 26, 2022.

US Dollar/Ugandan Shilling (FOREX:USDUGX)

Strong Downtrend (-100) - USDUGX is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, USDUGX continues to fall. Traders should use caution 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.

FOREX_USDUGX
Open High Low USDUGX Price Change
3526.9394 3526.9394 3526.9394 3526.9394 0.0000
Entry Signal

MarketClub’s Trade Triangles for USDUGX

long term down The long-term trend has been DOWN since Jan 13th, 2022 at 3528.2994

intermediate term down The intermediate-term trend has been DOWN since Dec 12th, 2021 at 3563.7969

short term down The short-term trend has been DOWN since Jan 10th, 2022 at 3541.5191

Smart Scan Analysis for USDUGX

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

-100
Smart Scan Analysis for USDUGX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3526.9394 3526.9394 3526.9394 3526.9394 0.0000
Prev. Close Volume Bid Ask Time
3526.9394 2022-01-24 07:17:28
Get a free daily analysis and signals for US Dollar/Ugandan Shilling (USDUGX) - Request Your Free Report.