Forex Trend Analysis Report
Prepared for you on Thursday, November 30, 2023.
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.
MarketClub’s Trade Triangles for UYUGBP
The long-term trend has been DOWN since Nov 6th, 2023 at 0.02037802
The intermediate-term trend has been DOWN since Nov 6th, 2023 at 0.02054292
The short-term trend has been DOWN since Nov 29th, 2023 at 0.02014020
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).