Forex Trend Analysis Report
Prepared for you on Monday, May 10, 2021.
Euro/Uruguayan Peso (FOREX:EURUYU)
Sidelines Mode (-55) - EURUYU 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 EURUYU?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURUYU.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURUYU
The long-term trend has been UP since Mar 4th, 2020 at 42.171
The intermediate-term trend has been DOWN since Mar 25th, 2021 at 52.446
The short-term trend has been UP since Apr 6th, 2021 at 52.082
Smart Scan Analysis for EURUYU
Based on our trend formula, EURUYU is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).