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Forex Trend Analysis Report

Prepared for you on Wednesday, April 1, 2020.

/British Pound (FOREX:BYNGBP)

Strong Downtrend (-100) - BYNGBP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. 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
0.31102484 0.31102484 0.31102484 0.31102484 0.00000000
Entry Signal

MarketClub’s Trade Triangles for BYNGBP

long term down The long-term trend has been DOWN since Oct 17th, 2019 at 0.38607500

intermediate term down The intermediate-term trend has been DOWN since Jan 30th, 2020 at 0.35910116

short term down The short-term trend has been DOWN since Feb 25th, 2020 at 0.34806233

Smart Scan Analysis for BYNGBP

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

-100
Smart Scan Analysis for BYNGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.31102484 0.31102484 0.31102484 0.31102484 0.00000000
Prev. Close Volume Bid Ask Time
0.31102484 0.31047730 0.31157238 2020-04-01 07:17:54
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