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Forex Trend Analysis Report

Prepared for you on Monday, June 17, 2024.

British Pound/Uruguayan Peso (FOREX:GBPUYU)

Bull Market Weakness (+75) - GBPUYU is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPUYU as it may be in the beginning stages of a reversal.

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
49.795143 49.795143 49.680389 49.686571 -0.108572
Entry Signal

MarketClub’s Trade Triangles for GBPUYU

long term down The long-term trend has been DOWN since Mar 28th, 2024 at 48.810985

intermediate term up The intermediate-term trend has been UP since Apr 15th, 2024 at 48.324558

short term up The short-term trend has been UP since May 27th, 2024 at 48.970010

Smart Scan Analysis for GBPUYU

Based on our trend formula, GBPUYU is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for GBPUYU
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
49.795143 49.795143 49.680389 49.686571 -0.108572
Prev. Close Volume Bid Ask Time
49.790322 2024-06-16 21:00:21
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