Forex Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
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 Dec 11th, 2020 at 28.032631
The intermediate-term trend has been DOWN since Jul 19th, 2021 at 27.272505
The short-term trend has been DOWN since Oct 12th, 2021 at 26.626212
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).