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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.

FOREX_BYNGBP
Open High Low BYNGBP Price Change
0.23950927 0.23950927 0.23937939 0.23937939 -0.00013000
Entry Signal

MarketClub’s Trade Triangles for BYNGBP

long term up The long-term trend has been UP since Nov 20th, 2024 at 0.24102403

intermediate term down The intermediate-term trend has been DOWN since Dec 4th, 2024 at 0.24119648

short term up 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).

-55
Smart Scan Analysis for BYNGBP
Strong Downtrend Sideways 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
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