Forex Trend Analysis Report
Prepared for you on Sunday, January 20, 2019.
British Pound/Uruguayan Peso (FOREX:GBPUYU)
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.
MarketClub’s Trade Triangles for GBPUYU
The long term trend has been DOWN since Dec 2nd, 2018 at 41.5135
The intermediate term trend has been UP since Dec 30th, 2018 at 40.9775
The short term trend has been UP since Jan 7th, 2019 at 41.2605
Smart Scan Analysis for GBPUYU
Based on a pre-defined weighted trend formula for chart analysis, GBPUYU scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).