Forex Trend Analysis Report
Prepared for you on Thursday, November 30, 2023.
British Pound/Yemeni Rials (FOREX:GBPYER)
Sidelines Mode (+50) - GBPYER is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until GBPYER can gain momentum.
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 DOWN since Sep 15th, 2023 at 310.87375
The intermediate-term trend has been UP since Nov 28th, 2023 at 315.33291
The short-term trend has been UP since Nov 28th, 2023 at 315.33291
Smart Scan Analysis for GBPYER
Based on our trend formula, GBPYER is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).