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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

Yemeni Rials/British Pound (FOREX:YERGBP)

Countertrend Down (-85) - YERGBP is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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
0.00314222 0.00314222 0.00314222 0.00314222 0.00000000
Entry Signal

MarketClub’s Trade Triangles for YERGBP

long term down The long-term trend has been DOWN since Dec 14th, 2023 at 0.00314526

intermediate term down The intermediate-term trend has been DOWN since Feb 26th, 2024 at 0.00315452

short term up The short-term trend has been UP since Mar 14th, 2024 at 0.00313391

Smart Scan Analysis for YERGBP

Based on our trend formula, YERGBP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for YERGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00314222 0.00314222 0.00314222 0.00314222 0.00000000
Prev. Close Volume Bid Ask Time
0.00316155 2024-03-19 12:08:27
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