Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
Uruguayan Peso/US Dollar (FOREX:UYUUSD)
Weak Downtrend (-65) - UYUUSD is showing signs of a strengthening downtrend. Monitor UYUUSD as it may be building momentum to the downside.
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 Mar 8th, 2019 at 0.03048400
The intermediate-term trend has been DOWN since May 8th, 2020 at 0.02279287
The short-term trend has been UP since May 20th, 2020 at 0.02289663
Smart Scan Analysis for UYUUSD
Based on our trend formula, UYUUSD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).