Forex Trend Analysis Report
Prepared for you on Thursday, May 23, 2019.
Euro/Uruguayan Peso (FOREX:EURUYU)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 EURUYU
The long term trend has been UP since Mar 20th, 2019 at 37.612
The intermediate term trend has been UP since Mar 14th, 2019 at 37.305
The short term trend has been UP since May 13th, 2019 at 39.309
Smart Scan Analysis for EURUYU
Based on a pre-defined weighted trend formula for chart analysis, EURUYU scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).