Forex Trend Analysis Report
Prepared for you on Friday, March 22, 2019.
Uruguayan Peso/US Dollar (FOREX:UYUUSD)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for UYUUSD
The long term trend has been DOWN since Mar 8th, 2019 at 0.030484
The intermediate term trend has been DOWN since Feb 21st, 2019 at 0.030623
The short term trend has been DOWN since Mar 11th, 2019 at 0.030245
Smart Scan Analysis for UYUUSD
Based on a pre-defined weighted trend formula for chart analysis, UYUUSD scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).