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Forex Trend Analysis Report

Prepared for you on Wednesday, May 22, 2024.

/British Pound (FOREX:BTNGBP)

Weak Downtrend (-65) - BTNGBP is showing signs of a strengthening downtrend. Monitor BTNGBP as it may be building momentum to the downside.

Is it time to buy, sell, or avoid BTNGBP?

MarketClub looks at technical strength and momentum to determine if the timing is right for BTNGBP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_BTNGBP
Open High Low BTNGBP Price Change
0.00943848 0.00944091 0.00943848 0.00944091 +0.00000200
Entry Signal

MarketClub’s Trade Triangles for BTNGBP

long term up The long-term trend has been UP since Apr 15th, 2024 at 0.00959601

intermediate term down The intermediate-term trend has been DOWN since May 14th, 2024 at 0.00953810

short term down The short-term trend has been DOWN since May 14th, 2024 at 0.00955329

Smart Scan Analysis for BTNGBP

Based on our trend formula, BTNGBP is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for BTNGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00943848 0.00944091 0.00943848 0.00944091 +0.00000200
Prev. Close Volume Bid Ask Time
0.00943848 2024-05-21 21:51:50
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