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.
MarketClub’s Trade Triangles for USDUGX
The long-term trend has been DOWN since Jan 13th, 2022 at 3528.2994
The intermediate-term trend has been DOWN since Dec 12th, 2021 at 3563.7969
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).