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.
MarketClub’s Trade Triangles for BYNUSD
The long-term trend has been DOWN since Sep 1st, 2019 at 0.47751500
The intermediate-term trend has been DOWN since Jul 30th, 2020 at 0.40927828
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).