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.
MarketClub’s Trade Triangles for GBPYER
The long-term trend has been UP since Sep 30th, 2021 at 17118.21300
The intermediate-term trend has been UP since Sep 30th, 2021 at 17118.21300
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).