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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.
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MarketClub’s Trade Triangles for GBPYER
The long-term trend has been UP since Dec 13th, 2022 at 307.70790
The intermediate-term trend has been UP since Mar 14th, 2023 at 303.14222
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).
| 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 |