Forex Trend Analysis Report
Prepared for you on Tuesday, January 15, 2019.
Euro/Uruguayan Peso (FOREX:EURUYU)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 DOWN since Dec 3rd, 2018 at 36.647
The intermediate term trend has been UP since Dec 30th, 2018 at 36.974
The short term trend has been UP since Jan 9th, 2019 at 37.154
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).