Forex Trend Analysis Report
Prepared for you on Sunday, May 22, 2022.
Uruguayan Peso/US Dollar (FOREX:UYUUSD)
Bull Market Weakness (+75) - UYUUSD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on UYUUSD as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for UYUUSD
The long-term trend has been UP since Feb 10th, 2022 at 0.022995
The intermediate-term trend has been DOWN since May 9th, 2022 at 0.024060
The short-term trend has been UP since May 18th, 2022 at 0.024130
Smart Scan Analysis for UYUUSD
Based on our trend formula, UYUUSD is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).