Forex Trend Analysis Report
Prepared for you on Thursday, October 17, 2019.
US Dollar/Uruguayan Peso (FOREX:USDUYU)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 UP since Aug 11th, 2019 at 35.1840
The short term trend has been UP since Sep 25th, 2019 at 36.8265
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).