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.
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 Feb 9th, 2021 at 0.019430
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).