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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.

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

MarketClub’s Trade Triangles for USDYER

long term down The long-term trend has been DOWN since Dec 11th, 2020 at 250.300

intermediate term down The intermediate-term trend has been DOWN since Dec 11th, 2020 at 250.300

short term up 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).

-75
Smart Scan Analysis for USDYER
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
250.375 250.400 250.375 250.400 +0.025
Prev. Close Volume Bid Ask Time
250.375 2021-02-24 12:57:13
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