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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.

FOREX_EURYER
Open High Low EURYER Price Change
294.59873 295.78214 293.52912 295.69715 +1.09842
Entry Signal

MarketClub’s Trade Triangles for EURYER

long term up The long-term trend has been UP since Jul 14th, 2020 at 285.87091

intermediate term up The intermediate-term trend has been UP since May 1st, 2020 at 275.09222

short term down 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).

+85
Smart Scan Analysis for EURYER
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
294.59873 295.78214 293.52912 295.69715 +1.09842
Prev. Close Volume Bid Ask Time
294.59873 295.68839 295.70591 2020-08-04 21:47:16
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