Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
British Pound/Belarusian Ruble (FOREX:GBPBYN)
Long-Term Downtrend (-90) - GBPBYN is in a strong downtrend that is likely to continue. While GBPBYN is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 13th, 2021 at 3.5404739
The intermediate-term trend has been DOWN since Sep 21st, 2021 at 3.4278681
The short-term trend has been DOWN since Sep 13th, 2021 at 3.4805865
Smart Scan Analysis for GBPBYN
Based on our trend formula, GBPBYN is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).