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.
MarketClub’s Trade Triangles for GBPBYN
The long-term trend has been UP since Oct 17th, 2019 at 2.5902000
The intermediate-term trend has been DOWN since Apr 18th, 2021 at 3.6094068
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).