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Forex Trend Analysis Report

Prepared for you on Saturday, September 23, 2023.

Uruguayan Peso/US Dollar (FOREX:UYUUSD)

Sidelines Mode (-55) - UYUUSD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

FOREX_UYUUSD
Open High Low UYUUSD Price Change
0.02636662 0.02636662 0.02626500 0.02626500 -0.00010200
Entry Signal

MarketClub’s Trade Triangles for UYUUSD

long term up The long-term trend has been UP since Nov 4th, 2022 at 0.02499000

intermediate term down The intermediate-term trend has been DOWN since Sep 10th, 2023 at 0.02632711

short term up The short-term trend has been UP since Sep 22nd, 2023 at 0.02627500

Smart Scan Analysis for UYUUSD

Based on our trend formula, UYUUSD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for UYUUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02636662 0.02636662 0.02626500 0.02626500 -0.00010200
Prev. Close Volume Bid Ask Time
0.02636662 2023-09-23 13:03:34
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