Forex Trend Analysis Report
Prepared for you on Monday, May 21, 2018.
US Dollar/Uruguayan Peso (FOREX:USDUYU)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 USDUYU
The long term trend has been UP since May 8th, 2018 at 28.5850
The intermediate term trend has been UP since Apr 16th, 2018 at 28.2435
The short term trend has been UP since Apr 26th, 2018 at 28.3030
Smart Scan Analysis for USDUYU
Based on a pre-defined weighted trend formula for chart analysis, USDUYU scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).