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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.

FOREX_BYNGBP
Open High Low BYNGBP Price Change
0.32733337 0.32733337 0.32733337 0.32733337 0.00000000
Entry Signal

MarketClub’s Trade Triangles for BYNGBP

long term up The long-term trend has been UP since Jun 29th, 2022 at 0.24293184

intermediate term down The intermediate-term trend has been DOWN since Aug 1st, 2022 at 0.33097159

short term up 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).

+55
Smart Scan Analysis for BYNGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.32733337 0.32733337 0.32733337 0.32733337 0.00000000
Prev. Close Volume Bid Ask Time
0.32855704 2022-08-10 07:20:31
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