Forex Trend Analysis Report
Prepared for you on Wednesday, October 20, 2021.
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 Jun 2nd, 2021 at 43.722098
The intermediate-term trend has been UP since Sep 21st, 2021 at 42.751647
The short-term trend has been UP since Sep 6th, 2021 at 42.544124
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).