Forex Trend Analysis Report
Prepared for you on Thursday, February 20, 2020.
British Pound/ (FOREX:GBPBYN)
Strong Uptrend (+100) - GBPBYN is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, GBPBYN continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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.
MarketClub’s Trade Triangles for GBPBYN
The long-term trend has been UP since Oct 17th, 2019 at 2.5902000
The intermediate-term trend has been UP since Jan 30th, 2020 at 2.7847431
The short-term trend has been UP since Feb 9th, 2020 at 2.8029856
Smart Scan Analysis for GBPBYN
Based on our trend formula, GBPBYN is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).