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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Yemeni Rials/US Dollar (FOREX:YERUSD)
Countertrend Up (+85) - YERUSD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid YERUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for YERUSD.
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 YERUSD
The long-term trend has been UP since May 8th, 2024 at 0.00401955
The intermediate-term trend has been UP since May 8th, 2024 at 0.00399522
The short-term trend has been UP since May 8th, 2024 at 0.00399482
Smart Scan Analysis for YERUSD
Based on our trend formula, YERUSD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.01923421 | 0.01923421 | 0.01923421 | 0.01923421 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.01923421 | 2024-05-08 15:55:04 |