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.
MarketClub’s Trade Triangles for UYUUSD
The long-term trend has been UP since Nov 4th, 2022 at 0.02499000
The intermediate-term trend has been DOWN since Sep 10th, 2023 at 0.02632711
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).