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Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

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
0.40398228 0.40398228 0.40398228 0.40398228 0.00000000
Entry Signal

MarketClub’s Trade Triangles for BYNUSD

long term up The long-term trend has been UP since May 6th, 2021 at 0.39227345

intermediate term up The intermediate-term trend has been UP since Jul 22nd, 2021 at 0.39575254

short term up The short-term trend has been UP since Oct 10th, 2021 at 0.40054164

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
0.40398228 0.40398228 0.40398228 0.40398228 0.00000000
Prev. Close Volume Bid Ask Time
0.40511705 2021-10-12 07:14:17
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