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Forex Trend Analysis Report

Prepared for you on Monday, March 20, 2023.

US Dollar/Uruguayan Peso (FOREX:USDUYU)

Countertrend Down (-85) - USDUYU is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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.

FOREX_USDUYU
Open High Low USDUYU Price Change
39.005612 39.005612 39.005612 39.005612 0.000000
Entry Signal

MarketClub’s Trade Triangles for USDUYU

long term down The long-term trend has been DOWN since Nov 6th, 2022 at 40.134549

intermediate term down The intermediate-term trend has been DOWN since Feb 28th, 2023 at 39.058909

short term up The short-term trend has been UP since Mar 9th, 2023 at 39.150456

Smart Scan Analysis for USDUYU

Based on our trend formula, USDUYU is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for USDUYU
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
39.005612 39.005612 39.005612 39.005612 0.000000
Prev. Close Volume Bid Ask Time
39.005612 2023-03-18 03:55:49
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