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Forex Trend Analysis Report

Prepared for you on Monday, March 20, 2023.

US Dollar/Yemeni Rials (FOREX:USDYER)

Strong Downtrend (-100) - USDYER is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, USDYER continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid USDYER?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDYER.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDYER
Open High Low USDYER Price Change
250.3 250.3 250.3 250.3 0.0
Entry Signal

MarketClub’s Trade Triangles for USDYER

long term down The long-term trend has been DOWN since Dec 6th, 2022 at 250.125

intermediate term down The intermediate-term trend has been DOWN since Feb 9th, 2023 at 250.325

short term down The short-term trend has been DOWN since Mar 14th, 2023 at 250.300

Smart Scan Analysis for USDYER

Based on our trend formula, USDYER is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for USDYER
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
250.3 250.3 250.3 250.3 0.0
Prev. Close Volume Bid Ask Time
250.3 2023-03-17 13:12:09
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