Forex Trend Analysis Report
Prepared for you on Sunday, August 9, 2020.
US Dollar/Yemeni Rials (FOREX:USDYER)
Bull Market Weakness (+75) - USDYER is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDYER as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid USDYER?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDYER.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDYER
The long-term trend has been UP since May 8th, 2020 at 250.375
The intermediate-term trend has been UP since Apr 1st, 2020 at 250.350
The short-term trend has been UP since Aug 7th, 2020 at 250.325
Smart Scan Analysis for USDYER
Based on our trend formula, USDYER is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).