Forex Trend Analysis Report
Prepared for you on Tuesday, March 2, 2021.
Euro/Yemeni Rials (FOREX:EURYER)
Long-Term Downtrend (-90) - EURYER is in a strong downtrend that is likely to continue. While EURYER is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid EURYER?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURYER.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURYER
The long-term trend has been DOWN since Feb 2nd, 2021 at 290.98556
The intermediate-term trend has been DOWN since Mar 1st, 2021 at 300.94198
The short-term trend has been DOWN since Feb 26th, 2021 at 303.18811
Smart Scan Analysis for EURYER
Based on our trend formula, EURYER is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).