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Forex Trend Analysis Report

Prepared for you on Sunday, July 21, 2024.

Uruguayan Peso/British Pound (FOREX:UYUGBP)

Long-Term Downtrend (-90) - UYUGBP is in a strong downtrend that is likely to continue. While UYUGBP 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 UYUGBP?

MarketClub looks at technical strength and momentum to determine if the timing is right for UYUGBP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_UYUGBP
Open High Low UYUGBP Price Change
0.01917716 0.01917716 0.01917716 0.01917716 0.00000000
Entry Signal

MarketClub’s Trade Triangles for UYUGBP

long term down The long-term trend has been DOWN since Jun 25th, 2024 at 0.01997228

intermediate term down The intermediate-term trend has been DOWN since Apr 15th, 2024 at 0.02069775

short term down The short-term trend has been DOWN since Jul 2nd, 2024 at 0.01997333

Smart Scan Analysis for UYUGBP

Based on our trend formula, UYUGBP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for UYUGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01917716 0.01917716 0.01917716 0.01917716 0.00000000
Prev. Close Volume Bid Ask Time
0.01922955 2024-07-18 07:26:19
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