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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
US Dollar/Uruguayan Peso (FOREX:USDUYU)
Bear Market Rally (-75) - USDUYU is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on USDUYU as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid USDUYU?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDUYU.
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 USDUYU
The long-term trend has been DOWN since Jan 26th, 2024 at 38.920754
The intermediate-term trend has been DOWN since May 7th, 2024 at 38.179409
The short-term trend has been UP since May 8th, 2024 at 38.267819
Smart Scan Analysis for USDUYU
Based on our trend formula, USDUYU is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 38.374749 | 38.374749 | 38.374749 | 38.374749 | 0.000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 38.374749 | 2024-05-08 07:26:31 |