Forex Trend Analysis Report
Prepared for you on Saturday, November 18, 2017.
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 Jul 10th, 2017 at 28.5660
The intermediate term trend has been UP since Nov 15th, 2017 at 29.4225
The short term trend has been UP since May 18th, 2017 at 28.1295
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).