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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

US Dollar/Uruguayan Peso (FOREX:USDUYU)

Strong Downtrend (-100) - USDUYU is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, USDUYU continues to fall. Traders should use caution 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
38.419587 38.419587 38.419587 38.419587 0.000000
Entry Signal

MarketClub’s Trade Triangles for USDUYU

long term down The long-term trend has been DOWN since Jan 26th, 2024 at 38.920754

intermediate term down The intermediate-term trend has been DOWN since Mar 18th, 2024 at 38.483863

short term down The short-term trend has been DOWN since Mar 17th, 2024 at 38.796690

Smart Scan Analysis for USDUYU

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

-100
Smart Scan Analysis for USDUYU
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
38.419587 38.419587 38.419587 38.419587 0.000000
Prev. Close Volume Bid Ask Time
37.826021 2024-03-19 22:06:40
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