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Forex Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

British Pound/ (FOREX:GBPBYN)

Countertrend Up (+85) - GBPBYN is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
3.0070209 3.0070209 3.0070209 3.0070209 0.0000000
Entry Signal

MarketClub’s Trade Triangles for GBPBYN

long term up The long-term trend has been UP since Oct 17th, 2019 at 2.5902000

intermediate term up The intermediate-term trend has been UP since Jun 1st, 2020 at 3.0038410

short term up The short-term trend has been UP since May 28th, 2020 at 2.9457538

Smart Scan Analysis for GBPBYN

Based on our trend formula, GBPBYN is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for GBPBYN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.0070209 3.0070209 3.0070209 3.0070209 0.0000000
Prev. Close Volume Bid Ask Time
3.0070209 3.0013997 3.0126421 2020-06-01 21:09:45
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