Forex Trend Analysis Report
Prepared for you on Wednesday, October 4, 2023.
/British Pound (FOREX:BTNGBP)
Countertrend Up (+85) - BTNGBP is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 Sep 26th, 2023 at 0.00977790
The intermediate-term trend has been UP since Aug 24th, 2023 at 0.00952647
The short-term trend has been UP since Sep 10th, 2023 at 0.00961757
Smart Scan Analysis for BTNGBP
Based on our trend formula, BTNGBP is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).