Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

British Pound/Uruguayan Peso (FOREX:GBPUYU)

Sidelines Mode (+55) - GBPUYU 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 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.

FOREX_GBPUYU
Open High Low GBPUYU Price Change
48.950967 49.038951 48.950967 49.038951 +0.087984
Entry Signal

MarketClub’s Trade Triangles for GBPUYU

long term up The long-term trend has been UP since Nov 6th, 2023 at 49.082475

intermediate term up The intermediate-term trend has been UP since Mar 6th, 2024 at 49.555600

short term down The short-term trend has been DOWN since Mar 17th, 2024 at 49.692347

Smart Scan Analysis for GBPUYU

Based on our trend formula, GBPUYU is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for GBPUYU
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
48.950967 49.038951 48.950967 49.038951 +0.087984
Prev. Close Volume Bid Ask Time
48.950967 2024-03-18 15:33:28
Get a free daily analysis and signals for British Pound/Uruguayan Peso (GBPUYU) - Request Your Free Report.