Forex Trend Analysis Report
Prepared for you on Thursday, August 11, 2022.
/British Pound (FOREX:BTNGBP)
Bull Market Weakness (+75) - BTNGBP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on BTNGBP as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid BTNGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for BTNGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BTNGBP
The long-term trend has been UP since Aug 20th, 2021 at 0.00985738
The intermediate-term trend has been UP since Aug 10th, 2022 at 0.01038291
The short-term trend has been UP since Jul 5th, 2022 at 0.01033062
Smart Scan Analysis for BTNGBP
Based on our trend formula, BTNGBP is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).