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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Belarusian Ruble/US Dollar (FOREX:BYNUSD)
Sidelines Mode (+55) - BYNUSD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid BYNUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for BYNUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for BYNUSD
The long-term trend has been UP since Jan 10th, 2024 at 0.30505717
The intermediate-term trend has been UP since May 1st, 2024 at 0.30644363
The short-term trend has been DOWN since May 2nd, 2024 at 0.30550327
Smart Scan Analysis for BYNUSD
Based on our trend formula, BYNUSD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.30549284 | 0.30549284 | 0.30539761 | 0.30539761 | -0.00009500 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.30549284 | 2024-05-08 21:02:48 |