Forex Trend Analysis Report
Prepared for you on Thursday, December 12, 2019.
Yemeni Rials/British Pound (FOREX:YERGBP)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight 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 YERGBP
The long term trend has been DOWN since Oct 16th, 2019 at 0.00314500
The intermediate term trend has been DOWN since Oct 11th, 2019 at 0.00317500
The short term trend has been UP since Dec 12th, 2019 at 0.00304784
Smart Scan Analysis for YERGBP
Based on a pre-defined weighted trend formula for chart analysis, YERGBP scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).