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Forex Trend Analysis Report

Prepared for you on Monday, October 18, 2021.

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
342.52197 342.52197 342.52197 342.52197 0.00000
Entry Signal

MarketClub’s Trade Triangles for GBPYER

long term up The long-term trend has been UP since Sep 30th, 2021 at 17118.21300

intermediate term up The intermediate-term trend has been UP since Sep 30th, 2021 at 17118.21300

short term up The short-term trend has been UP since Oct 13th, 2021 at 341.06231

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
342.52197 342.52197 342.52197 342.52197 0.00000
Prev. Close Volume Bid Ask Time
342.52197 2021-10-14 13:38:06
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