Forex Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
Belarusian Ruble/British Pound (FOREX:BYNGBP)
Countertrend Up (+85) - BYNGBP 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 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 13th, 2021 at 0.28244881
The intermediate-term trend has been UP since Sep 21st, 2021 at 0.29172736
The short-term trend has been UP since Sep 13th, 2021 at 0.28730871
Smart Scan Analysis for BYNGBP
Based on our trend formula, BYNGBP is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).