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Forex Trend Analysis Report

Prepared for you on Wednesday, June 19, 2024.

Belarusian Ruble/British Pound (FOREX:BYNGBP)

Crossroads (+60) - BYNGBP is struggling to move into a solid trend. Beware of choppy markets 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.

FOREX_BYNGBP
Open High Low BYNGBP Price Change
0.24055184 0.24110748 0.24055184 0.24107177 +0.00052000
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 up The intermediate-term trend has been UP since Jun 16th, 2024 at 0.24071693

short term up The short-term trend has been UP since Jun 16th, 2024 at 0.24002008

Smart Scan Analysis for BYNGBP

Based on our trend formula, BYNGBP is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for BYNGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.24055184 0.24110748 0.24055184 0.24107177 +0.00052000
Prev. Close Volume Bid Ask Time
0.24002351 2024-06-16 21:00:26
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