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Forex Trend Analysis Report
Prepared for you on Tuesday, April 16, 2024.
US Dollar/Uruguayan Peso (FOREX:USDUYU)
Sidelines Mode (+50) - USDUYU is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until USDUYU can gain momentum.
Is it time to buy, sell, or avoid USDUYU?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDUYU.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for USDUYU
The long-term trend has been DOWN since Jan 26th, 2024 at 38.920754
The intermediate-term trend has been UP since Apr 14th, 2024 at 38.273446
The short-term trend has been UP since Apr 8th, 2024 at 37.847839
Smart Scan Analysis for USDUYU
Based on our trend formula, USDUYU is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 38.951071 | 38.951071 | 38.951071 | 38.951071 | 0.000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 38.951071 | 2024-04-15 21:07:25 |