Forex Trend Analysis Report
Prepared for you on Sunday, January 23, 2022.
Belarusian Ruble/British Pound (FOREX:BYNGBP)
Long-Term Downtrend (-90) - BYNGBP is in a strong downtrend that is likely to continue. While BYNGBP 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 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.
MarketClub’s Trade Triangles for BYNGBP
The long-term trend has been DOWN since Jan 3rd, 2022 at 0.29023752
The intermediate-term trend has been DOWN since Dec 28th, 2021 at 0.29549463
The short-term trend has been DOWN since Dec 22nd, 2021 at 0.29785800
Smart Scan Analysis for BYNGBP
Based on our trend formula, BYNGBP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).