Forex Trend Analysis Report
Prepared for you on Thursday, April 18, 2019.
Yemeni Rials/British Pound (FOREX:YERGBP)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 Feb 26th, 2019 at 0.003022
The intermediate term trend has been UP since Apr 18th, 2019 at 0.003075
The short term trend has been UP since Apr 16th, 2019 at 0.003060
Smart Scan Analysis for YERGBP
Based on a pre-defined weighted trend formula for chart analysis, YERGBP scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).