Forex Trend Analysis Report
Prepared for you on Wednesday, June 23, 2021.
Uruguayan Peso/British Pound (FOREX:UYUGBP)
Sidelines Mode (+50) - UYUGBP is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until UYUGBP can gain momentum.
Is it time to buy, sell, or avoid UYUGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for UYUGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for UYUGBP
The long-term trend has been DOWN since Sep 5th, 2019 at 0.02217600
The intermediate-term trend has been UP since Jun 14th, 2021 at 0.01615477
The short-term trend has been UP since Jun 2nd, 2021 at 0.01610111
Smart Scan Analysis for UYUGBP
Based on our trend formula, UYUGBP is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).