Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
Yemeni Rials/US Dollar (FOREX:YERUSD)
Bear Market Rally (-75) - YERUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on YERUSD as it may be in the beginning of a reversal.
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 May 8th, 2020 at 0.00399403
The intermediate-term trend has been DOWN since Apr 1st, 2020 at 0.00399442
The short-term trend has been UP since Jun 1st, 2020 at 0.00399483
Smart Scan Analysis for YERUSD
Based on our trend formula, YERUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).