Forex Trend Analysis Report
Prepared for you on Thursday, November 30, 2023.
Belarusian Ruble/US Dollar (FOREX:BYNUSD)
Crossroads (-60) - BYNUSD is struggling to move into a solid trend. Beware of choppy markets 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.
MarketClub’s Trade Triangles for BYNUSD
The long-term trend has been DOWN since Aug 13th, 2023 at 0.39493643
The intermediate-term trend has been UP since Oct 29th, 2023 at 0.30357526
The short-term trend has been UP since Nov 19th, 2023 at 0.30462593
Smart Scan Analysis for BYNUSD
Based on our trend formula, BYNUSD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).