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Forex Trend Analysis Report

Prepared for you on Wednesday, December 11, 2024.

Belarusian Ruble/US Dollar (FOREX:BYNUSD)

Countertrend Up (+85) - BYNUSD 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 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.

FOREX_BYNUSD
Open High Low BYNUSD Price Change
0.30537823 0.30537823 0.30537823 0.30537823 0.00000000
Entry Signal

MarketClub’s Trade Triangles for BYNUSD

long term up The long-term trend has been UP since Dec 4th, 2024 at 0.30567076

intermediate term up The intermediate-term trend has been UP since Nov 20th, 2024 at 0.30549541

short term up The short-term trend has been UP since Nov 20th, 2024 at 0.30552190

Smart Scan Analysis for BYNUSD

Based on our trend formula, BYNUSD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for BYNUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.30537823 0.30537823 0.30537823 0.30537823 0.00000000
Prev. Close Volume Bid Ask Time
0.30540032 2024-12-09 07:25:13
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