Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
British Pound/Yemeni Rials (FOREX:GBPYER)
Weak Downtrend (-65) - GBPYER is showing signs of a strengthening downtrend. Monitor GBPYER as it may be building momentum to the downside.
Is it time to buy, sell, or avoid
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.
MarketClub’s Trade Triangles for GBPYER
The long-term trend has been UP since Oct 16th, 2019 at 317.92000
The intermediate-term trend has been DOWN since Dec 25th, 2019 at 322.92233
The short-term trend has been DOWN since Feb 17th, 2020 at 325.54959
Smart Scan Analysis for GBPYER
Based on our trend formula, GBPYER is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).