Forex Trend Analysis Report
Prepared for you on Monday, June 1, 2020.
/British Pound (FOREX:BYNGBP)
Bear Market Rally (-75) - BYNGBP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on BYNGBP as it may be in the beginning of a reversal.
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 Oct 17th, 2019 at 0.38607500
The intermediate-term trend has been UP since May 11th, 2020 at 0.32944348
The short-term trend has been DOWN since May 28th, 2020 at 0.33947291
Smart Scan Analysis for BYNGBP
Based on our trend formula, BYNGBP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).