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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
Uruguayan Peso/US Dollar (FOREX:UYUUSD)
Sidelines Mode (+50) - UYUUSD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until UYUUSD can gain momentum.
Is it time to buy, sell, or avoid UYUUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for UYUUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for UYUUSD
The long-term trend has been DOWN since Jun 10th, 2024 at 0.02556121
The intermediate-term trend has been UP since Dec 5th, 2024 at 0.02372000
The short-term trend has been UP since Dec 5th, 2024 at 0.02335000
Smart Scan Analysis for UYUUSD
Based on our trend formula, UYUUSD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.022465 | 0.022470 | 0.022465 | 0.022470 | +0.000005 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.022705 | 2024-12-24 07:55:19 |