Forex Trend Analysis Report
Prepared for you on Sunday, August 18, 2019.
Yemeni Rials/British Pound (FOREX:YERGBP)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 UP since May 17th, 2019 at 0.003133
The intermediate term trend has been UP since Jul 5th, 2019 at 0.003193
The short term trend has been DOWN since Aug 15th, 2019 at 0.003301
Smart Scan Analysis for YERGBP
Based on a pre-defined weighted trend formula for chart analysis, YERGBP scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).