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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.

FOREX_BYNGBP
Open High Low BYNGBP Price Change
0.28596958 0.28596958 0.28596958 0.28596958 0.00000000
Entry Signal

MarketClub’s Trade Triangles for BYNGBP

long term down The long-term trend has been DOWN since Jan 3rd, 2022 at 0.29023752

intermediate term down The intermediate-term trend has been DOWN since Dec 28th, 2021 at 0.29549463

short term down 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).

-90
Smart Scan Analysis for BYNGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.28596958 0.28596958 0.28596958 0.28596958 0.00000000
Prev. Close Volume Bid Ask Time
0.28596958 2022-01-20 21:08:21
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