Forex Trend Analysis Report
Prepared for you on Monday, June 26, 2017.
Uruguayan Peso/British Pound (FOREX:UYUGBP)
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 UYUGBP
The long term trend has been DOWN since Apr 19th, 2017 at 0.027965
The intermediate term trend has been UP since Jun 25th, 2017 at 0.027570
The short term trend has been UP since May 28th, 2017 at 0.027465
Smart Scan Analysis for UYUGBP
Based on a pre-defined weighted trend formula for chart analysis, UYUGBP scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).