Forex Trend Analysis Report
Prepared for you on Thursday, March 4, 2021.
US Dollar/Yemeni Rials (FOREX:USDYER)
Bear Market Rally (-75) - USDYER is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on USDYER as it may be in the beginning of a reversal.
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.
MarketClub’s Trade Triangles for USDYER
The long-term trend has been DOWN since Dec 11th, 2020 at 250.300
The intermediate-term trend has been DOWN since Dec 11th, 2020 at 250.300
The short-term trend has been UP since Feb 24th, 2021 at 250.375
Smart Scan Analysis for USDYER
Based on our trend formula, USDYER is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).