Forex Trend Analysis Report
Prepared for you on Friday, September 20, 2019.
British Pound/Uruguayan Peso (FOREX:GBPUYU)
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 GBPUYU
The long term trend has been UP since Sep 5th, 2019 at 45.1050
The intermediate term trend has been UP since Aug 21st, 2019 at 43.5680
The short term trend has been UP since Aug 5th, 2019 at 41.6965
Smart Scan Analysis for GBPUYU
Based on a pre-defined weighted trend formula for chart analysis, GBPUYU scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).