Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Wednesday, March 22, 2023.

British Pound/Yemeni Rials (FOREX:GBPYER)

Countertrend Up (+85) - GBPYER 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 GBPYER?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPYER.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPYER
Open High Low GBPYER Price Change
304.66059 304.66059 304.66059 304.66059 0.00000
Entry Signal

MarketClub’s Trade Triangles for GBPYER

long term up The long-term trend has been UP since Dec 13th, 2022 at 307.70790

intermediate term up The intermediate-term trend has been UP since Mar 14th, 2023 at 303.14222

short term up The short-term trend has been UP since Mar 9th, 2023 at 298.51369

Smart Scan Analysis for GBPYER

Based on our trend formula, GBPYER is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for GBPYER
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
304.66059 304.66059 304.66059 304.66059 0.00000
Prev. Close Volume Bid Ask Time
304.66059 2023-03-17 13:12:09
Get a free daily analysis and signals for British Pound/Yemeni Rials (GBPYER) - Request Your Free Report.