Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Euro/Belarusian Ruble (FOREX:EURBYN)
Long-Term Downtrend (-90) - EURBYN is in a strong downtrend that is likely to continue. While EURBYN is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid EURBYN?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURBYN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURBYN
The long-term trend has been DOWN since May 6th, 2021 at 3.0774
The intermediate-term trend has been DOWN since Sep 16th, 2021 at 2.9380
The short-term trend has been DOWN since Sep 27th, 2021 at 2.9326
Smart Scan Analysis for EURBYN
Based on our trend formula, EURBYN is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).