Forex Trend Analysis Report
Prepared for you on Friday, November 27, 2020.
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.
MarketClub’s Trade Triangles for USDUYU
The long-term trend has been DOWN since Jul 1st, 2020 at 42.079342
The intermediate-term trend has been DOWN since Nov 19th, 2020 at 42.831312
The short-term trend has been UP since Nov 23rd, 2020 at 42.984539
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).