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Forex Trend Analysis Report

Prepared for you on Wednesday, May 22, 2024.

Euro/Uruguayan Peso (FOREX:EURUYU)

Crossroads (+60) - EURUYU is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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.

FOREX_EURUYU
Open High Low EURUYU Price Change
41.85 41.85 41.85 41.85 0.00
Entry Signal

MarketClub’s Trade Triangles for EURUYU

long term down The long-term trend has been DOWN since Feb 6th, 2024 at 42.11

intermediate term up The intermediate-term trend has been UP since May 9th, 2024 at 41.39

short term up The short-term trend has been UP since May 8th, 2024 at 41.18

Smart Scan Analysis for EURUYU

Based on our trend formula, EURUYU is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for EURUYU
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
41.85 41.85 41.85 41.85 0.00
Prev. Close Volume Bid Ask Time
41.85 2024-05-21 21:00:06
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