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Forex Trend Analysis Report
Prepared for you on Friday, April 26, 2024.
British Pound/Yemeni Rials (FOREX:GBPYER)
Long-Term Downtrend (-90) - GBPYER is in a strong downtrend that is likely to continue. While GBPYER is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for GBPYER
The long-term trend has been DOWN since Apr 17th, 2024 at 313.50573
The intermediate-term trend has been DOWN since Apr 1st, 2024 at 318.24827
The short-term trend has been DOWN since Mar 14th, 2024 at 319.09199
Smart Scan Analysis for GBPYER
Based on our trend formula, GBPYER is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 309.07407 | 309.07407 | 309.07407 | 309.07407 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 312.77712 | 2024-04-22 12:26:56 |