Forex Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
Yemeni Rials/British Pound (FOREX:YERGBP)
Weak Downtrend (-65) - YERGBP is showing signs of a strengthening downtrend. Monitor YERGBP as it may be building momentum to the downside.
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 Sep 15th, 2023 at 0.00321675
The intermediate-term trend has been DOWN since Nov 28th, 2023 at 0.00317126
The short-term trend has been DOWN since Nov 28th, 2023 at 0.00317126
Smart Scan Analysis for YERGBP
Based on our trend formula, YERGBP is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).