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Forex Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

British Pound/Yemeni Rials (FOREX:GBPYER)

Bull Market Weakness (+75) - GBPYER is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPYER as it may be in the beginning stages of a reversal.

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
312.50129 312.98391 312.32135 312.93823 +0.43694
Entry Signal

MarketClub’s Trade Triangles for GBPYER

long term down The long-term trend has been DOWN since Feb 28th, 2020 at 319.67940

intermediate term up The intermediate-term trend has been UP since Jun 1st, 2020 at 311.40240

short term up The short-term trend has been UP since May 26th, 2020 at 305.97973

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).

+70
Smart Scan Analysis for GBPYER
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
312.50129 312.98391 312.32135 312.93823 +0.43694
Prev. Close Volume Bid Ask Time
312.50129 312.31310 313.56336 2020-06-02 02:15:26
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