Forex Trend Analysis Report
Prepared for you on Monday, March 18, 2024.
British Pound/Yemeni Rials (FOREX:GBPYER)
Sidelines Mode (+55) - GBPYER is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for GBPYER
The long-term trend has been UP since Dec 14th, 2023 at 317.94018
The intermediate-term trend has been UP since Feb 26th, 2024 at 317.00708
The short-term trend has been DOWN since Mar 14th, 2024 at 319.09199
Smart Scan Analysis for GBPYER
Based on our trend formula, GBPYER is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
318.74944 | 318.74944 | 318.70748 | 318.70748 | -0.04196 |
Prev. Close | Volume | Bid | Ask | Time |
318.74944 | 2024-03-18 17:19:25 |