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.
MarketClub’s Trade Triangles for GBPUYU
The long-term trend has been UP since Sep 5th, 2019 at 45.105000
The intermediate-term trend has been UP since Jul 6th, 2020 at 53.016721
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).