Forex Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
US Dollar/Belarusian Ruble (FOREX:USDBYN)
Bull Market Weakness (+75) - USDBYN is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDBYN as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid USDBYN?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDBYN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDBYN
The long-term trend has been UP since Aug 13th, 2023 at 2.5320612
The intermediate-term trend has been UP since Dec 6th, 2023 at 3.2965898
The short-term trend has been UP since Dec 1st, 2023 at 3.2924049
Smart Scan Analysis for USDBYN
Based on our trend formula, USDBYN is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).