Forex Trend Analysis Report
Prepared for you on Friday, October 19, 2018.
Euro/Uruguayan Peso (FOREX:EURUYU)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management 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.
MarketClub’s Trade Triangles for EURUYU
The long term trend has been UP since May 13th, 2018 at 35.191
The intermediate term trend has been DOWN since Oct 7th, 2018 at 37.828
The short term trend has been DOWN since Sep 25th, 2018 at 38.709
Smart Scan Analysis for EURUYU
Based on a pre-defined weighted trend formula for chart analysis, EURUYU scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).