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.
MarketClub’s Trade Triangles for BYNUSD
The long-term trend has been UP since May 6th, 2021 at 0.39227345
The intermediate-term trend has been UP since Jul 22nd, 2021 at 0.39575254
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).