Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
British Pound/Belarusian Ruble (FOREX:GBPBYN)
Bull Market Weakness (+75) - GBPBYN is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPBYN as it may be in the beginning stages of a reversal.
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 Dec 23rd, 2020 at 3.4672966
The short-term trend has been UP since Feb 14th, 2021 at 3.5799316
Smart Scan Analysis for GBPBYN
Based on our trend formula, GBPBYN is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).