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Forex Trend Analysis Report

Prepared for you on Wednesday, March 20, 2019.

South African Rand/Ugandan Shilling (FOREX:ZARUGX)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.

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.

Open High Low ZARUGX Price Change
255.62 255.62 255.62 255.62 0.00
Entry Signal

MarketClub’s Trade Triangles for ZARUGX

long term up The long term trend has been UP since Jan 30th, 2019 at 272.320

intermediate term down The intermediate term trend has been DOWN since Feb 15th, 2019 at 264.835

short term down The short term trend has been DOWN since Mar 3rd, 2019 at 262.275

Smart Scan Analysis for ZARUGX

Based on a pre-defined weighted trend formula for chart analysis, ZARUGX scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for ZARUGX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
255.62 255.62 255.62 255.62 0.00
Prev. Close Volume Bid Ask Time
255.8 252.88 258.36 2019-03-14 22:16:34
Want to analyze South African Rand/Ugandan Shilling ZARUGX or another symbol? Try our Free Forex Trend Analysis Report.