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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
US Dollar/Belarusian Ruble (FOREX:USDBYN)
Bear Market Rally (-75) - USDBYN is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on USDBYN as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid USDBYN?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDBYN.
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 USDBYN
The long-term trend has been DOWN since Jan 10th, 2024 at 3.2780805
The intermediate-term trend has been DOWN since May 1st, 2024 at 3.2632497
The short-term trend has been UP since May 2nd, 2024 at 3.2732940
Smart Scan Analysis for USDBYN
Based on our trend formula, USDBYN is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.2734057 | 3.2744265 | 3.2734057 | 3.2744265 | +0.0010210 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.2734057 | 2024-05-08 21:02:48 |