Forex Trend Analysis Report
Prepared for you on Wednesday, October 20, 2021.
Ukrainian Hryvnia/US Dollar (FOREX:UAHUSD)
Countertrend Up (+85) - UAHUSD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid UAHUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for UAHUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for UAHUSD
The long-term trend has been UP since Dec 11th, 2020 at 0.03567562
The intermediate-term trend has been UP since Jul 19th, 2021 at 0.03667011
The short-term trend has been UP since Oct 12th, 2021 at 0.03756053
Smart Scan Analysis for UAHUSD
Based on our trend formula, UAHUSD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).