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Forex Trend Analysis Report
Prepared for you on Friday, April 19, 2024.
British Pound/Yemeni Rials (FOREX:GBPYER)
Strong Downtrend (-100) - GBPYER is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPYER continues to fall. Traders should use caution and set stops.
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 DOWN since Apr 17th, 2024 at 313.50573
The intermediate-term trend has been DOWN since Apr 1st, 2024 at 318.24827
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 -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 310.61142 | 310.61142 | 309.86186 | 309.86186 | -0.74956 |
| Prev. Close | Volume | Bid | Ask | Time |
| 310.61142 | 2024-04-19 12:36:48 |