Forex Trend Analysis Report
Prepared for you on Wednesday, July 8, 2020.
Uruguayan Peso/Euro (FOREX:UYUEUR)
Strong Downtrend (-100) - UYUEUR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution 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.
MarketClub’s Trade Triangles for UYUEUR
The long-term trend has been DOWN since Feb 28th, 2020 at 0.023525
The intermediate-term trend has been DOWN since Jul 6th, 2020 at 0.020615
The short-term trend has been DOWN since Jul 1st, 2020 at 0.021055
Smart Scan Analysis for UYUEUR
Based on our trend formula, UYUEUR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).