Forex Trend Analysis Report
Prepared for you on Saturday, July 2, 2022.
Yemeni Rials/British Pound (FOREX:YERGBP)
Sidelines Mode (+55) - YERGBP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid YERGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for YERGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for YERGBP
The long-term trend has been UP since Nov 12th, 2021 at 0.00296942
The intermediate-term trend has been UP since Jun 10th, 2022 at 0.00323829
The short-term trend has been DOWN since Jun 24th, 2022 at 0.00326924
Smart Scan Analysis for YERGBP
Based on our trend formula, YERGBP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).