Forex Trend Analysis Report
Prepared for you on Sunday, July 3, 2022.
US Dollar/Uruguayan Peso (FOREX:USDUYU)
Sidelines Mode (+50) - USDUYU is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until USDUYU can gain momentum.
Is it time to buy, sell, or avoid USDUYU?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDUYU.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDUYU
The long-term trend has been DOWN since Feb 18th, 2022 at 43.542934
The intermediate-term trend has been UP since Jun 20th, 2022 at 39.890114
The short-term trend has been UP since Jun 20th, 2022 at 39.693916
Smart Scan Analysis for USDUYU
Based on our trend formula, USDUYU is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).