Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
Uruguayan Peso/British Pound (FOREX:UYUGBP)
Bear Market Rally (-75) - UYUGBP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on UYUGBP as it may be in the beginning of a reversal.
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 Sep 5th, 2019 at 0.02217600
The intermediate-term trend has been UP since Apr 13th, 2020 at 0.01843416
The short-term trend has been DOWN since Jun 1st, 2020 at 0.01882184
Smart Scan Analysis for UYUGBP
Based on our trend formula, UYUGBP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).