Free United States dollar With Uruguayan peso (USDUYU(Forex)) Technical Analysis Signals

Overal Signal
Hold
Signals
Neutral Hold Hold Hold
Last Update / Period
04 Nov / Daily
Category/Currency
Forex/UYU
Exchange/Country
FX/--

United States dollar With Uruguayan peso (USDUYU(Forex)) signal with technical analysis on 04 Nov

On 04 Nov, we conducted a comprehensive technical analysis of United States dollar With Uruguayan peso (USDUYU(Forex)), considering 256 signals with intricate details. Here are the key findings: 32 signals suggested buy strategies, while 105 indicated sell strategies. The remaining 119 signals remained neutral without offering a specific direction.
The 256 signals were categorized into four distinct strategies, each consisting of 64 signals. Let's dive into the details of each strategy:

Strategy 1:
Buy Signals: 16
Sell Signals: 17
Neutral Signals: 31
Result: This strategy leads to a Neutral position.

Strategy 2:
Buy Signals: 7
Sell Signals: 28
Neutral Signals: 29
Result: This strategy leads to a Hold position.

Strategy 3:
Buy Signals: 8
Sell Signals: 27
Neutral Signals: 29
Result: This strategy leads to a Hold position.

Strategy 4:
Buy Signals: 1
Sell Signals: 33
Neutral Signals: 30
Result: This strategy leads to a Hold position.

Overall Strategy:
Buy Signals: 32
Sell Signals: 105
Neutral Signals: 119
Result: This strategy leads to a Hold position.

Disclaimer! Please exercise caution and thorough consideration before making any financial decisions. It's important to note that our signals are based solely on daily price changes and do not take into account external factors such as news, market sentiment, or company developments. We strongly recommend considering all relevant factors and conducting your own research.

Useful Tips: To make the most informed decisions about your United States dollar With Uruguayan peso (USDUYU(Forex)) investments, we highly recommend visiting the "Magic Prediction" AI models signals website. They provide free signals, and if one aligns with ours, it is likely to be a reliable indicator, as we have observed over time.


Result: Looking at the technical analysis for United States dollar With Uruguayan peso (USDUYU(Forex)) on , there is a tendency toward a sell signal based on historical data and analysis. However, it's important to remember that these signals are not guarantees, and careful consideration should be given to overall market conditions and your specific investment goals.

Based on the above signals and forecasts, we recommend the following strategies:
United States dollar With Uruguayan peso (USDUYU(Forex)) trading strategy for those in buy positions (long positions): If you are currently in a buy (long) position, it is recommended to find the optimal time to exit your position based on the combination of technical analysis signals. For those with a higher risk tolerance, you may wait for the market to move further in the coming days before deciding.
United States dollar With Uruguayan peso (USDUYU(Forex)) trading strategy for those in sell positions (short positions): If you are already in a sell (short) position, holding your position may be the right strategy based on our technical analysis consensus. However, remain cautious and closely monitor market developments.
For new positions: If you are not currently invested or are considering switching to a sell (short) position, it's advisable to evaluate the expected price range, which represents a potential downside of 10.76% based on the lowest predicted price. Before entering a sell position, ensure it aligns with your risk tolerance and investment objectives by conducting thorough research.

In all trading scenarios, it is essential to implement a well-defined stop-loss strategy to manage potential downside risks effectively.

Useful Tip 2: For those interested in long-term forecasting, we recommend the "Predict-price" website, which provides both short-term and long-term predictions for free. This resource can aid in making informed decisions regarding your **United States dollar With Uruguayan peso (USDUYU(Forex))** holdings.

United States dollar With Uruguayan peso (USDUYU(Forex)) Price Analysis and Support Levels:

In our current United States dollar With Uruguayan peso (USDUYU(Forex)) position, we anticipate a potential downward trend. It is crucial to understand the key support levels, which can serve as reference points for traders to make well-informed decisions.

First Support Level: 39.499 We are closely monitoring the price at the first support level of 39.499, a critical point in our analysis. If the downward trend continues and this level is breached, it would indicate strong selling pressure and potential further price depreciation.

Second Support Level: 36.847 If the first support level at 39.499 is broken, the second support level at 36.847 becomes a key point. A break at this level suggests stronger downward momentum, likely influenced by market sentiment or external factors.

It’s essential to closely monitor these support levels and analyze them within the broader market context. By remaining alert and consistently analyzing the market, you can make informed decisions while trading United States dollar With Uruguayan peso (USDUYU(Forex)). By paying attention to these support levels and considering broader market trends, you can adapt your trading strategies to the dynamic nature of this market.

United States dollar With Uruguayan peso (USDUYU(Forex)) technical analysis chart

United States dollar With Uruguayan peso (USDUYU(Forex)) support and resistance levels

Name Level1 Level2 Level3 Level4 Level5
Resistance -- -- -- -- --
Support 39.499 36.847 -- -- --
 United States dollar With Uruguayan peso (USDUYU(Forex)) Support and Resistance area (04 Nov)

United States dollar With Uruguayan peso (USDUYU(Forex)) signals list for 04 Nov

Overall Signals
Signal 1 Signal 2
Signal 3 Signal 4

United States dollar With Uruguayan peso (USDUYU(Forex)) technical analysis over the past days

# Date Overal Signals ALL Signals
1 03 Nov Hold NeutralHoldHoldHold
2 01 Nov Hold NeutralHoldHoldHold
3 31 Oct Hold HoldHoldHoldHold
4 30 Oct Sell SellHoldHoldHold
5 29 Oct Hold NeutralHoldHoldHold
6 28 Oct Sell NeutralHoldSellHold
7 27 Oct Buy BuyNeutralNeutralHold
8 25 Oct Hold NeutralHoldNeutralHold
9 24 Oct Hold HoldHoldHoldHold
10 23 Oct Hold HoldHoldHoldNeutral
11 22 Oct Sell NeutralSellSellNeutral
12 21 Oct Hold NeutralNeutralNeutralNeutral
13 20 Oct Neutral HoldHoldNeutralNeutral
14 18 Oct Buy BuyBuyNeutralNeutral
15 17 Oct Hold NeutralNeutralNeutralHold
16 16 Oct Sell SellHoldHoldSell
17 15 Oct Sell NeutralSellSellNeutral
18 14 Oct Neutral HoldNeutralNeutralNeutral
19 13 Oct Buy BuyNeutralNeutralNeutral
20 11 Oct Buy NeutralNeutralBuyNeutral
21 10 Oct Hold HoldHoldNeutralNeutral
22 09 Oct Sell HoldHoldSellNeutral
23 08 Oct Sell HoldSellNeutralNeutral
24 07 Oct Sell SellNeutralNeutralHold
25 06 Oct Buy BuyBuyHoldHold
26 04 Oct Hold NeutralNeutralHoldHold
27 03 Oct Buy NeutralBuyHoldHold
28 02 Oct Neutral HoldNeutralHoldHold
29 01 Oct Neutral HoldNeutralHoldHold
30 30 Sep Sell SellHoldHoldHold

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