Forex Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
Euro/Uruguayan Peso (FOREX:EURUYU)
Sidelines Mode (+50) - EURUYU is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until EURUYU can gain momentum.
Is it time to buy, sell, or avoid EURUYU?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURUYU.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURUYU
The long-term trend has been DOWN since Jun 25th, 2021 at 52.082
The intermediate-term trend has been UP since Oct 14th, 2021 at 50.285
The short-term trend has been UP since Oct 14th, 2021 at 49.917
Smart Scan Analysis for EURUYU
Based on our trend formula, EURUYU is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).