Forex Trend Analysis Report
Prepared for you on Sunday, February 16, 2020.
British Pound/Uruguayan Peso (FOREX:GBPUYU)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 45.105000
The intermediate term trend has been UP since Feb 13th, 2020 at 49.224563
The short term trend has been UP since Jan 31st, 2020 at 48.794699
Smart Scan Analysis for GBPUYU
Based on a pre-defined weighted trend formula for chart analysis, GBPUYU scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).