Forex Trend Analysis Report
Prepared for you on Tuesday, February 7, 2023.
Yemeni Rials/US Dollar (FOREX:YERUSD)
Weak Downtrend (-65) - YERUSD is showing signs of a strengthening downtrend. Monitor YERUSD as it may be building momentum to the downside.
Is it time to buy, sell, or avoid YERUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for YERUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for YERUSD
The long-term trend has been UP since Dec 6th, 2022 at 0.00399801
The intermediate-term trend has been DOWN since Jan 23rd, 2023 at 0.00399403
The short-term trend has been DOWN since Jan 12th, 2023 at 0.00399562
Smart Scan Analysis for YERUSD
Based on our trend formula, YERUSD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).