Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Sunday, February 28, 2021.

British Pound/Yemeni Rials (FOREX:GBPYER)

Countertrend Up (+85) - GBPYER is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
348.33331 349.36012 348.33330 349.08473 +0.75142
Entry Signal

MarketClub’s Trade Triangles for GBPYER

long term up The long-term trend has been UP since Feb 8th, 2021 at 344.51673

intermediate term up The intermediate-term trend has been UP since Feb 8th, 2021 at 344.51673

short term down The short-term trend has been DOWN since Feb 25th, 2021 at 350.08780

Smart Scan Analysis for GBPYER

Based on our trend formula, GBPYER is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for GBPYER
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
348.33331 349.36012 348.33330 349.08473 +0.75142
Prev. Close Volume Bid Ask Time
348.33331 2021-02-28 17:24:53
Get a free daily analysis and signals for British Pound/Yemeni Rials (GBPYER) - Request Your Free Report.