Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, April 6, 2020.

British Pound/Yemeni Rials (FOREX:GBPYER)

Weak Downtrend (-65) - GBPYER is showing signs of a strengthening downtrend. Monitor GBPYER as it may be building momentum to the downside.

Is it time to buy, sell, or avoid GBPYER?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPYER.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPYER
Open High Low GBPYER Price Change
306.38388 308.52659 305.78801 308.17741 +1.79353
Entry Signal

MarketClub’s Trade Triangles for GBPYER

long term down The long-term trend has been DOWN since Feb 28th, 2020 at 319.67940

intermediate term down The intermediate-term trend has been DOWN since Mar 12th, 2020 at 318.68125

short term down The short-term trend has been DOWN since Apr 3rd, 2020 at 307.66504

Smart Scan Analysis for GBPYER

Based on our trend formula, GBPYER is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for GBPYER
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
306.38388 308.52659 305.78801 308.17741 +1.79353
Prev. Close Volume Bid Ask Time
306.38388 308.16456 308.19025 2020-04-06 14:44:55
Get a free daily analysis and signals for British Pound/Yemeni Rials (GBPYER) - Request Your Free Report.