Forex Trend Analysis Report
Prepared for you on Tuesday, August 11, 2020.
British Pound/Yemeni Rials (FOREX:GBPYER)
Strong Uptrend (+100) - GBPYER is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, GBPYER continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 UP since Jul 24th, 2020 at 320.72578
The intermediate-term trend has been UP since Jul 20th, 2020 at 317.09166
The short-term trend has been UP since Aug 5th, 2020 at 328.42147
Smart Scan Analysis for GBPYER
Based on our trend formula, GBPYER is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).