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Forex Trend Analysis Report
Prepared for you on Sunday, December 8, 2024.
Belarusian Ruble/British Pound (FOREX:BYNGBP)
Sidelines Mode (-55) - BYNGBP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for BYNGBP
The long-term trend has been UP since Nov 20th, 2024 at 0.24102403
The intermediate-term trend has been DOWN since Dec 4th, 2024 at 0.24119648
The short-term trend has been UP since Oct 10th, 2024 at 0.23192864
Smart Scan Analysis for BYNGBP
Based on our trend formula, BYNGBP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.23950927 | 0.23950927 | 0.23937939 | 0.23937939 | -0.00013000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.23921633 | 2024-12-07 04:22:57 |