Forex Trend Analysis Report
Prepared for you on Saturday, April 1, 2023.
Euro/Uruguayan Peso (FOREX:EURUYU)
Countertrend Up (+85) - EURUYU is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Dec 30th, 2022 at 41.642
The intermediate-term trend has been UP since Mar 28th, 2023 at 42.050
The short-term trend has been UP since Mar 13th, 2023 at 41.660
Smart Scan Analysis for EURUYU
Based on our trend formula, EURUYU is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).