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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
US Dollar/Uruguayan Peso (FOREX:USDUYU)
Countertrend Up (+85) - USDUYU 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 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.
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MarketClub’s Trade Triangles for USDUYU
The long-term trend has been UP since Jun 12th, 2024 at 39.129631
The intermediate-term trend has been UP since Nov 12th, 2024 at 41.673032
The short-term trend has been UP since Nov 12th, 2024 at 41.673032
Smart Scan Analysis for USDUYU
Based on our trend formula, USDUYU is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 42.184909 | 42.184909 | 42.184909 | 42.184909 | 0.000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 43.042056 | 2024-11-12 07:25:10 |