Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
British Pound/Uruguayan Peso (FOREX:GBPUYU)
Sidelines Mode (+50) - GBPUYU is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until GBPUYU can gain momentum.
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.
MarketClub’s Trade Triangles for GBPUYU
The long-term trend has been DOWN since Jun 25th, 2021 at 60.797857
The intermediate-term trend has been UP since Oct 14th, 2021 at 58.582305
The short-term trend has been UP since Oct 14th, 2021 at 58.363343
Smart Scan Analysis for GBPUYU
Based on our trend formula, GBPUYU is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).