Forex Trend Analysis Report
Prepared for you on Thursday, October 17, 2019.
Euro/Yemeni Rials (FOREX:EURYER)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for EURYER
The long term trend has been DOWN since May 1st, 2018 at 302.04500
The intermediate term trend has been UP since Oct 16th, 2019 at 276.67500
The short term trend has been UP since Oct 16th, 2019 at 276.42949
Smart Scan Analysis for EURYER
Based on a pre-defined weighted trend formula for chart analysis, EURYER scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).