Forex Trend Analysis Report
Prepared for you on Friday, June 5, 2020.
US Dollar/Ukrainian Hryvnia (FOREX:USDUAH)
Sidelines Mode (-55) - USDUAH 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 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 UP since Mar 17th, 2020 at 25.048805
The intermediate-term trend has been DOWN since Apr 17th, 2020 at 27.145911
The short-term trend has been UP since May 21st, 2020 at 26.626197
Smart Scan Analysis for USDUAH
Based on our trend formula, USDUAH is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).