Forex Trend Analysis Report
Prepared for you on Thursday, December 3, 2020.
US Dollar/Belarusian Ruble (FOREX:USDBYN)
Strong Uptrend (+100) - USDBYN is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, USDBYN continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 Sep 1st, 2019 at 2.0942000
The intermediate-term trend has been UP since Nov 30th, 2020 at 2.5673925
The short-term trend has been UP since Nov 23rd, 2020 at 2.5571420
Smart Scan Analysis for USDBYN
Based on our trend formula, USDBYN is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).