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Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

British Pound/Belarusian Ruble (FOREX:GBPBYN)

Long-Term Downtrend (-90) - GBPBYN is in a strong downtrend that is likely to continue. While GBPBYN is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid GBPBYN?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPBYN.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPBYN
Open High Low GBPBYN Price Change
3.3697631 3.3697631 3.3697631 3.3697631 0.0000000
Entry Signal

MarketClub’s Trade Triangles for GBPBYN

long term down The long-term trend has been DOWN since Jun 13th, 2021 at 3.5404739

intermediate term down The intermediate-term trend has been DOWN since Sep 21st, 2021 at 3.4278681

short term down The short-term trend has been DOWN since Sep 13th, 2021 at 3.4805865

Smart Scan Analysis for GBPBYN

Based on our trend formula, GBPBYN is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for GBPBYN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.3697631 3.3697631 3.3697631 3.3697631 0.0000000
Prev. Close Volume Bid Ask Time
3.3858147 2021-10-12 07:14:17
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