Forex Trend Analysis Report
Prepared for you on Saturday, April 1, 2023.
Uruguayan Peso/Euro (FOREX:UYUEUR)
Long-Term Downtrend (-90) - UYUEUR is in a strong downtrend that is likely to continue. While UYUEUR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid UYUEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for UYUEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for UYUEUR
The long-term trend has been DOWN since Dec 28th, 2022 at 0.023885
The intermediate-term trend has been DOWN since Mar 20th, 2023 at 0.023605
The short-term trend has been DOWN since Mar 29th, 2023 at 0.023670
Smart Scan Analysis for UYUEUR
Based on our trend formula, UYUEUR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).