Forex Trend Analysis Report
Prepared for you on Thursday, September 28, 2023.
Uruguayan Peso/Euro (FOREX:UYUEUR)
Bull Market Weakness (+75) - UYUEUR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on UYUEUR as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for UYUEUR
The long-term trend has been UP since Jun 23rd, 2023 at 0.024285
The intermediate-term trend has been UP since Jul 31st, 2023 at 0.024230
The short-term trend has been DOWN since Sep 28th, 2023 at 0.024635
Smart Scan Analysis for UYUEUR
Based on our trend formula, UYUEUR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).