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.
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 Jun 1st, 2020 at 3.0038410
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).