Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Euro/Uruguayan Peso (FOREX:EURUYU)
Bear Market Rally (-75) - EURUYU is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EURUYU as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid EURUYU?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURUYU.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for EURUYU
The long-term trend has been DOWN since Feb 6th, 2024 at 42.11
The intermediate-term trend has been DOWN since Mar 19th, 2024 at 41.77
The short-term trend has been UP since May 8th, 2024 at 41.18
Smart Scan Analysis for EURUYU
Based on our trend formula, EURUYU is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 41.24 | 41.24 | 41.24 | 41.24 | 0.00 |
| Prev. Close | Volume | Bid | Ask | Time |
| 41.24 | 2024-05-08 07:26:31 |