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.
MarketClub’s Trade Triangles for USDYER
The long-term trend has been DOWN since Dec 6th, 2022 at 250.125
The intermediate-term trend has been DOWN since Feb 9th, 2023 at 250.325
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).