Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
Yemeni Rials/British Pound (FOREX:YERGBP)
Bear Market Rally (-75) - YERGBP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on YERGBP as it may be in the beginning of a reversal.
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 DOWN since Feb 8th, 2021 at 0.00290263
The intermediate-term trend has been DOWN since Feb 8th, 2021 at 0.00290263
The short-term trend has been UP since Feb 25th, 2021 at 0.00285638
Smart Scan Analysis for YERGBP
Based on our trend formula, YERGBP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).