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Forex Trend Analysis Report

Prepared for you on Tuesday, August 4, 2020.

British Pound/Uruguayan Peso (FOREX:GBPUYU)

Sidelines Mode (+55) - GBPUYU is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid GBPUYU?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPUYU.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPUYU
Open High Low GBPUYU Price Change
55.079274 55.079274 55.057118 55.057118 -0.022156
Entry Signal

MarketClub’s Trade Triangles for GBPUYU

long term up The long-term trend has been UP since Sep 5th, 2019 at 45.105000

intermediate term up The intermediate-term trend has been UP since Jul 6th, 2020 at 53.016721

short term down The short-term trend has been DOWN since Jul 29th, 2020 at 55.217492

Smart Scan Analysis for GBPUYU

Based on our trend formula, GBPUYU is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for GBPUYU
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
55.079274 55.079274 55.057118 55.057118 -0.022156
Prev. Close Volume Bid Ask Time
55.079274 54.393925 55.720310 2020-07-29 07:31:53
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