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Forex Trend Analysis Report

Prepared for you on Friday, October 4, 2024.

Belarusian Ruble/British Pound (FOREX:BYNGBP)

Long-Term Downtrend (-90) - BYNGBP is in a strong downtrend that is likely to continue. While BYNGBP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid BYNGBP?

MarketClub looks at technical strength and momentum to determine if the timing is right for BYNGBP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_BYNGBP
Open High Low BYNGBP Price Change
0.2318578 0.2318578 0.2318578 0.2318578 0.0000000
Entry Signal

MarketClub’s Trade Triangles for BYNGBP

long term down The long-term trend has been DOWN since Jun 9th, 2024 at 0.23867863

intermediate term down The intermediate-term trend has been DOWN since Aug 21st, 2024 at 0.23676357

short term down The short-term trend has been DOWN since Aug 11th, 2024 at 0.23961916

Smart Scan Analysis for BYNGBP

Based on our trend formula, BYNGBP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for BYNGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.2318578 0.2318578 0.2318578 0.2318578 0.0000000
Prev. Close Volume Bid Ask Time
0.2318578 2024-10-04 18:15:49
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