Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
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 Mar 4th, 2020 at 42.171
The intermediate-term trend has been UP since May 11th, 2020 at 47.572
The short-term trend has been UP since Jun 1st, 2020 at 47.304
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).