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Forex Trend Analysis Report

Prepared for you on Monday, May 17, 2021.

British Pound/Belarusian Ruble (FOREX:GBPBYN)

Crossroads (-60) - GBPBYN is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid GBPBYN?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPBYN.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPBYN
Open High Low GBPBYN Price Change
3.5835317 3.5931295 3.5835317 3.5907253 +0.0071940
Entry Signal

MarketClub’s Trade Triangles for GBPBYN

long term up The long-term trend has been UP since Oct 17th, 2019 at 2.5902000

intermediate term down The intermediate-term trend has been DOWN since Apr 18th, 2021 at 3.6094068

short term down The short-term trend has been DOWN since Apr 12th, 2021 at 3.6529352

Smart Scan Analysis for GBPBYN

Based on our trend formula, GBPBYN is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for GBPBYN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.5835317 3.5931295 3.5835317 3.5907253 +0.0071940
Prev. Close Volume Bid Ask Time
3.5835317 2021-05-11 20:51:56
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