Forex Trend Analysis Report
Prepared for you on Wednesday, July 17, 2019.
US Dollar/Uruguayan Peso (FOREX:USDUYU)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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 USDUYU
The long term trend has been UP since Mar 11th, 2019 at 32.8200
The intermediate term trend has been DOWN since Jul 10th, 2019 at 35.1010
The short term trend has been DOWN since Jul 10th, 2019 at 35.1335
Smart Scan Analysis for USDUYU
Based on a pre-defined weighted trend formula for chart analysis, USDUYU scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).