Forex Trend Analysis Report
Prepared for you on Tuesday, August 4, 2020.
Euro/Yemeni Rials (FOREX:EURYER)
Countertrend Up (+85) - EURYER 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 EURYER?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURYER.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURYER
The long-term trend has been UP since Jul 14th, 2020 at 285.87091
The intermediate-term trend has been UP since May 1st, 2020 at 275.09222
The short-term trend has been DOWN since Aug 3rd, 2020 at 293.68575
Smart Scan Analysis for EURYER
Based on our trend formula, EURYER is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).