Forex Trend Analysis Report
Prepared for you on Tuesday, August 16, 2022.
Belarusian Ruble/British Pound (FOREX:BYNGBP)
Sidelines Mode (+55) - BYNGBP 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 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.
MarketClub’s Trade Triangles for BYNGBP
The long-term trend has been UP since Jun 29th, 2022 at 0.24293184
The intermediate-term trend has been DOWN since Aug 1st, 2022 at 0.33097159
The short-term trend has been UP since Jun 20th, 2022 at 0.23702063
Smart Scan Analysis for BYNGBP
Based on our trend formula, BYNGBP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).