Forex Trend Analysis Report
Prepared for you on Sunday, August 18, 2019.
British Pound/Yemeni Rials (FOREX:GBPYER)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 GBPYER
The long term trend has been DOWN since May 17th, 2019 at 319.180
The intermediate term trend has been DOWN since Jul 5th, 2019 at 313.165
The short term trend has been UP since Aug 15th, 2019 at 302.930
Smart Scan Analysis for GBPYER
Based on a pre-defined weighted trend formula for chart analysis, GBPYER scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).