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Forex Trend Analysis Report
Prepared for you on Saturday, December 14, 2024.
/British Pound (FOREX:BTNGBP)
Long-Term Downtrend (-90) - BTNGBP is in a strong downtrend that is likely to continue. While BTNGBP 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 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.
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MarketClub’s Trade Triangles for BTNGBP
The long-term trend has been DOWN since May 28th, 2024 at 0.00940689
The intermediate-term trend has been DOWN since Dec 9th, 2024 at 0.00924410
The short-term trend has been DOWN since Dec 6th, 2024 at 0.00929562
Smart Scan Analysis for BTNGBP
Based on our trend formula, BTNGBP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00924062 | 0.00924671 | 0.00924062 | 0.00924537 | +0.00000500 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00936040 | 2024-12-09 21:06:12 |