Forex Trend Analysis Report
Prepared for you on Monday, March 8, 2021.
Uruguayan Peso/US Dollar (FOREX:UYUUSD)
Strong Downtrend (-100) - UYUUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid UYUUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for UYUUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for UYUUSD
The long-term trend has been DOWN since Feb 25th, 2021 at 0.02322973
The intermediate-term trend has been DOWN since Feb 4th, 2021 at 0.02345500
The short-term trend has been DOWN since Feb 10th, 2021 at 0.02345688
Smart Scan Analysis for UYUUSD
Based on our trend formula, UYUUSD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).