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Forex Trend Analysis Report

Prepared for you on Monday, July 15, 2024.

Belarusian Ruble/British Pound (FOREX:BYNGBP)

Strong Downtrend (-100) - BYNGBP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, BYNGBP continues to fall. Traders should use caution and set stops.

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

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

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

FOREX_BYNGBP
Open High Low BYNGBP Price Change
0.23580716 0.23580716 0.23567245 0.23567245 -0.00013500
Entry Signal

MarketClub’s Trade Triangles for BYNGBP

long term down The long-term trend has been DOWN since Jun 9th, 2024 at 0.23867863

intermediate term down The intermediate-term trend has been DOWN since Jul 7th, 2024 at 0.23948220

short term down The short-term trend has been DOWN since Jun 25th, 2024 at 0.24081830

Smart Scan Analysis for BYNGBP

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

-100
Smart Scan Analysis for BYNGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.23580716 0.23580716 0.23567245 0.23567245 -0.00013500
Prev. Close Volume Bid Ask Time
0.23580716 2024-07-14 21:07:15
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