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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.

FOREX_YERGBP
Open High Low YERGBP Price Change
0.00332096 0.00332096 0.00332096 0.00332096 0.00000000
Entry Signal

MarketClub’s Trade Triangles for YERGBP

long term down The long-term trend has been DOWN since Dec 13th, 2022 at 0.00324985

intermediate term up The intermediate-term trend has been UP since Feb 6th, 2023 at 0.00323169

short term up 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).

+50
Smart Scan Analysis for YERGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00332096 0.00332096 0.00332096 0.00332096 0.00000000
Prev. Close Volume Bid Ask Time
0.00332096 2023-02-06 14:11:17
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