Forex Trend Analysis Report
Prepared for you on Monday, August 3, 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.
MarketClub’s Trade Triangles for BYNGBP
The long-term trend has been DOWN since Oct 17th, 2019 at 0.38607500
The intermediate-term trend has been DOWN since Jul 5th, 2020 at 0.32985335
The short-term trend has been DOWN since Jul 24th, 2020 at 0.32997217
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).