Forex Trend Analysis Report
Prepared for you on Tuesday, May 11, 2021.
Yemeni Rials/British Pound (FOREX:YERGBP)
Strong Downtrend (-100) - YERGBP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution 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.
MarketClub’s Trade Triangles for YERGBP
The long-term trend has been DOWN since Feb 8th, 2021 at 0.00290263
The intermediate-term trend has been DOWN since Apr 19th, 2021 at 0.00286973
The short-term trend has been DOWN since Apr 13th, 2021 at 0.00290051
Smart Scan Analysis for YERGBP
Based on our trend formula, YERGBP is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).