Forex Trend Analysis Report
Prepared for you on Thursday, February 27, 2020.
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, SHORTSYMBOL 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.
MarketClub’s Trade Triangles for USDYER
The long-term trend has been DOWN since Dec 16th, 2019 at 250.300
The intermediate-term trend has been DOWN since Feb 13th, 2020 at 250.300
The short-term trend has been DOWN since Feb 25th, 2020 at 250.325
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).