Forex Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
Euro/Uruguayan Peso (FOREX:EURUYU)
Weak Uptrend (+65) - EURUYU is showing signs of weakening momentum to the upside. Monitor EURUYU as it may be in the beginning stages of a reversal.
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 Nov 6th, 2023 at 42.38
The intermediate-term trend has been UP since Oct 5th, 2023 at 40.83
The short-term trend has been DOWN since Nov 24th, 2023 at 43.16
Smart Scan Analysis for EURUYU
Based on our trend formula, EURUYU is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).