Forex Trend Analysis Report
Prepared for you on Tuesday, May 24, 2022.
British Pound/Uruguayan Peso (FOREX:GBPUYU)
Strong Downtrend (-100) - GBPUYU is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPUYU continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid GBPUYU?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPUYU.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPUYU
The long-term trend has been DOWN since Feb 23rd, 2022 at 58.266924
The intermediate-term trend has been DOWN since Jan 26th, 2022 at 60.652877
The short-term trend has been DOWN since Jan 19th, 2022 at 60.885903
Smart Scan Analysis for GBPUYU
Based on our trend formula, GBPUYU is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).