Forex Trend Analysis Report
Prepared for you on Friday, August 23, 2019.
Uruguayan Peso/Euro (FOREX:UYUEUR)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 UYUEUR
The long term trend has been DOWN since Mar 14th, 2019 at 0.026500
The intermediate term trend has been DOWN since Aug 9th, 2019 at 0.025225
The short term trend has been DOWN since Aug 1st, 2019 at 0.026120
Smart Scan Analysis for UYUEUR
Based on a pre-defined weighted trend formula for chart analysis, UYUEUR scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).