Forex Trend Analysis Report
Prepared for you on Thursday, August 18, 2022.
Euro/Yemeni Rials (FOREX:EURYER)
Bear Market Rally (-75) - EURYER is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EURYER as it may be in the beginning of a reversal.
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 DOWN since Sep 29th, 2021 at 291.64875
The intermediate-term trend has been UP since Aug 10th, 2022 at 256.56609
The short-term trend has been DOWN since Aug 15th, 2022 at 254.55840
Smart Scan Analysis for EURYER
Based on our trend formula, EURYER is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).