Forex Trend Analysis Report
Prepared for you on Tuesday, August 16, 2022.
British Pound/Belarusian Ruble (FOREX:GBPBYN)
Weak Downtrend (-65) - GBPBYN is showing signs of a strengthening downtrend. Monitor GBPBYN as it may be building momentum to the downside.
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 DOWN since Jun 29th, 2022 at 4.1163899
The intermediate-term trend has been UP since Aug 1st, 2022 at 3.0214188
The short-term trend has been DOWN since Jun 20th, 2022 at 4.2190501
Smart Scan Analysis for GBPBYN
Based on our trend formula, GBPBYN is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).