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Forex Trend Analysis Report
Prepared for you on Friday, April 26, 2024.
US Dollar/Ugandan Shilling (FOREX:USDUGX)
Sidelines Mode (+55) - USDUGX is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 UP since Sep 22nd, 2023 at 3744.4532
The intermediate-term trend has been DOWN since Mar 18th, 2024 at 3894.9052
The short-term trend has been UP since Apr 25th, 2024 at 3807.2015
Smart Scan Analysis for USDUGX
Based on our trend formula, USDUGX is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3810.181 | 3810.181 | 3810.181 | 3810.181 | 0.000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3810.181 | 2024-04-25 07:26:32 |