Forex Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
Uruguayan Peso/US Dollar (FOREX:UYUUSD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for UYUUSD
The long term trend has been DOWN since Mar 8th, 2019 at 0.03048400
The intermediate term trend has been UP since Dec 19th, 2019 at 0.02660019
The short term trend has been DOWN since Jan 21st, 2020 at 0.02674933
Smart Scan Analysis for UYUUSD
Based on a pre-defined weighted trend formula for chart analysis, UYUUSD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).