Forex Trend Analysis Report
Prepared for you on Tuesday, December 7, 2021.
Yemeni Rials/US Dollar (FOREX:YERUSD)
Countertrend Down (-85) - YERUSD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid YERUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for YERUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for YERUSD
The long-term trend has been DOWN since Apr 19th, 2021 at 0.00399363
The intermediate-term trend has been DOWN since Nov 29th, 2021 at 0.00399561
The short-term trend has been UP since Nov 30th, 2021 at 0.00399602
Smart Scan Analysis for YERUSD
Based on our trend formula, YERUSD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).