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.
MarketClub’s Trade Triangles for GBPYER
The long-term trend has been DOWN since Feb 28th, 2020 at 319.67940
The intermediate-term trend has been DOWN since Mar 12th, 2020 at 318.68125
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).