Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
/British Pound (FOREX:BTNGBP)
Sidelines Mode (-55) - BTNGBP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 UP since May 8th, 2020 at 0.01065457
The short-term trend has been DOWN since May 26th, 2020 at 0.01079630
Smart Scan Analysis for BTNGBP
Based on our trend formula, BTNGBP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).