Forex Trend Analysis Report
Prepared for you on Tuesday, December 1, 2020.
/British Pound (FOREX:BTNGBP)
Strong Downtrend (-100) - BTNGBP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 DOWN since Mar 10th, 2020 at 0.01056163
The intermediate-term trend has been DOWN since Oct 11th, 2020 at 0.01060904
The short-term trend has been DOWN since Nov 23rd, 2020 at 0.01012121
Smart Scan Analysis for BTNGBP
Based on our trend formula, BTNGBP is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).