Forex Trend Analysis Report
Prepared for you on Wednesday, April 8, 2020.
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.
MarketClub’s Trade Triangles for USDUYU
The long-term trend has been UP since Mar 11th, 2019 at 32.820000
The intermediate-term trend has been UP since Feb 3rd, 2020 at 37.529006
The short-term trend has been UP since Jan 31st, 2020 at 37.359132
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).