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.
MarketClub’s Trade Triangles for USDUGX
The long-term trend has been DOWN since Dec 2nd, 2020 at 3691.3075
The intermediate-term trend has been UP since Jan 7th, 2021 at 3673.0527
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).