Forex Trend Analysis Report
Prepared for you on Tuesday, February 7, 2023.
Yemeni Rials/British Pound (FOREX:YERGBP)
Sidelines Mode (+50) - YERGBP is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until YERGBP can gain momentum.
Is it time to buy, sell, or avoid YERGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for YERGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for YERGBP
The long-term trend has been DOWN since Dec 13th, 2022 at 0.00324985
The intermediate-term trend has been UP since Feb 6th, 2023 at 0.00323169
The short-term trend has been UP since Feb 6th, 2023 at 0.00323169
Smart Scan Analysis for YERGBP
Based on our trend formula, YERGBP is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).