Forex Trend Analysis Report
Prepared for you on Tuesday, March 28, 2023.
British Pound/Belarusian Ruble (FOREX:GBPBYN)
Countertrend Up (+85) - GBPBYN is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 Dec 6th, 2022 at 3.0619606
The intermediate-term trend has been UP since Mar 17th, 2023 at 3.0597736
The short-term trend has been UP since Mar 15th, 2023 at 3.0301150
Smart Scan Analysis for GBPBYN
Based on our trend formula, GBPBYN is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).