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Forex Trend Analysis Report

Prepared for you on Wednesday, April 17, 2024.

US Dollar/Yemeni Rials (FOREX:USDYER)

Bull Market Weakness (+75) - USDYER is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDYER as it may be in the beginning stages 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.

FOREX_USDYER
Open High Low USDYER Price Change
250.400 250.400 250.375 250.375 -0.025
Entry Signal

MarketClub’s Trade Triangles for USDYER

long term up The long-term trend has been UP since Apr 5th, 2024 at 250.400

intermediate term up The intermediate-term trend has been UP since Mar 18th, 2024 at 250.375

short term up The short-term trend has been UP since Mar 18th, 2024 at 250.375

Smart Scan Analysis for USDYER

Based on our trend formula, USDYER is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for USDYER
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
250.400 250.400 250.375 250.375 -0.025
Prev. Close Volume Bid Ask Time
250.350 2024-04-09 13:34:47
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