Forex Trend Analysis Report
Prepared for you on Tuesday, March 28, 2023.
US Dollar/Ukrainian Hryvnia (FOREX:USDUAH)
Long-Term Downtrend (-90) - USDUAH is in a strong downtrend that is likely to continue. While USDUAH is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid USDUAH?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDUAH.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDUAH
The long-term trend has been DOWN since Nov 6th, 2022 at 36.506838
The intermediate-term trend has been DOWN since Mar 18th, 2023 at 36.537790
The short-term trend has been DOWN since Mar 8th, 2023 at 36.926325
Smart Scan Analysis for USDUAH
Based on our trend formula, USDUAH is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).