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Forex Trend Analysis Report

Prepared for you on Friday, November 8, 2024.

Uruguayan Peso/Euro (FOREX:UYUEUR)

Crossroads (+60) - UYUEUR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid UYUEUR?

MarketClub looks at technical strength and momentum to determine if the timing is right for UYUEUR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_UYUEUR
Open High Low UYUEUR Price Change
0.022195 0.022390 0.022180 0.022350 +0.000155
Entry Signal

MarketClub’s Trade Triangles for UYUEUR

long term down The long-term trend has been DOWN since Jul 1st, 2024 at 0.02347

intermediate term up The intermediate-term trend has been UP since Oct 7th, 2024 at 0.02206

short term up The short-term trend has been UP since Nov 6th, 2024 at 0.02237

Smart Scan Analysis for UYUEUR

Based on our trend formula, UYUEUR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for UYUEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.022195 0.022390 0.022180 0.022350 +0.000155
Prev. Close Volume Bid Ask Time
0.022195 2024-11-08 15:53:58
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