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Forex Trend Analysis Report

Prepared for you on Tuesday, March 9, 2021.

Uruguayan Peso/Euro (FOREX:UYUEUR)

Countertrend Down (-85) - UYUEUR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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
0.019150 0.019215 0.018940 0.019030 -0.000120
Entry Signal

MarketClub’s Trade Triangles for UYUEUR

long term down The long-term trend has been DOWN since Feb 28th, 2020 at 0.023525

intermediate term down The intermediate-term trend has been DOWN since Feb 9th, 2021 at 0.019430

short term up The short-term trend has been UP since Mar 8th, 2021 at 0.019180

Smart Scan Analysis for UYUEUR

Based on our trend formula, UYUEUR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for UYUEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.019150 0.019215 0.018940 0.019030 -0.000120
Prev. Close Volume Bid Ask Time
0.019150 2021-03-08 23:49:31
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