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Forex Trend Analysis Report

Prepared for you on Tuesday, August 4, 2020.

/US Dollar (FOREX:BYNUSD)

Strong Downtrend (-100) - BYNUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

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
0.40916370 0.40916370 0.40916370 0.40916370 0.00000000
Entry Signal

MarketClub’s Trade Triangles for BYNUSD

long term down The long-term trend has been DOWN since Sep 1st, 2019 at 0.47751500

intermediate term down The intermediate-term trend has been DOWN since Jul 30th, 2020 at 0.40927828

short term down The short-term trend has been DOWN since Jul 30th, 2020 at 0.41845117

Smart Scan Analysis for BYNUSD

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

-100
Smart Scan Analysis for BYNUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.40916370 0.40916370 0.40916370 0.40916370 0.00000000
Prev. Close Volume Bid Ask Time
0.40841644 0.40845124 0.40987616 2020-07-30 07:31:24
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