Forex Trend Analysis Report
Prepared for you on Thursday, December 7, 2023.
Uruguayan Peso/Euro (FOREX:UYUEUR)
Crossroads (+60) - UYUEUR 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 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 Nov 3rd, 2023 at 0.023455
The intermediate-term trend has been UP since Dec 1st, 2023 at 0.023565
The short-term trend has been UP since Nov 30th, 2023 at 0.023325
Smart Scan Analysis for UYUEUR
Based on our trend formula, UYUEUR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).