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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.

FOREX_YERGBP
Open High Low YERGBP Price Change
0.003063 0.003077 0.003061 0.003077 +0.000014
Entry Signal

MarketClub’s Trade Triangles for YERGBP

long term down The long term trend has been DOWN since Feb 26th, 2019 at 0.003022

intermediate term up The intermediate term trend has been UP since Apr 18th, 2019 at 0.003075

short term up 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).

+70
Smart Scan Analysis for YERGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.003063 0.003077 0.003061 0.003077 +0.000014
Prev. Close Volume Bid Ask Time
0.003063 0.003077 0.003077 2019-04-18 14:20:30
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