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Forex Trend Analysis Report

Prepared for you on Wednesday, July 24, 2024.

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.

FOREX_GBPBYN
Open High Low GBPBYN Price Change
4.2216221 4.2216221 4.2216221 4.2216221 0.0000000
Entry Signal

MarketClub’s Trade Triangles for GBPBYN

long term up The long-term trend has been UP since Jun 9th, 2024 at 4.1897423

intermediate term up The intermediate-term trend has been UP since Jul 7th, 2024 at 4.1756840

short term down The short-term trend has been DOWN since Jul 21st, 2024 at 4.2455334

Smart Scan Analysis for GBPBYN

Based on our trend formula, GBPBYN is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for GBPBYN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.2216221 4.2216221 4.2216221 4.2216221 0.0000000
Prev. Close Volume Bid Ask Time
4.2216221 2024-07-24 21:07:15
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