Forex Trend Analysis Report
Prepared for you on Wednesday, March 3, 2021.
US Dollar/Uruguayan Peso (FOREX:USDUYU)
Crossroads (+60) - USDUYU is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 UP since Feb 8th, 2021 at 42.597269
The short-term trend has been UP since Feb 1st, 2021 at 42.156669
Smart Scan Analysis for USDUYU
Based on our trend formula, USDUYU is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).