Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Tuesday, April 7, 2020.

US Dollar/ (FOREX:USDBYN)

Sidelines Mode (+55) - USDBYN is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

FOREX_USDBYN
Open High Low USDBYN Price Change
2.5718465 2.5735860 2.5718465 2.5735860 +0.0017400
Entry Signal

MarketClub’s Trade Triangles for USDBYN

long term up The long-term trend has been UP since Sep 1st, 2019 at 2.0942000

intermediate term up The intermediate-term trend has been UP since Jan 6th, 2020 at 2.1113434

short term down The short-term trend has been DOWN since Apr 6th, 2020 at 2.5759930

Smart Scan Analysis for USDBYN

Based on our trend formula, USDBYN is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for USDBYN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.5718465 2.5735860 2.5718465 2.5735860 +0.0017400
Prev. Close Volume Bid Ask Time
2.5718465 2.5689535 2.5782184 2020-04-06 21:07:43
Get a free daily analysis and signals for US Dollar/ (USDBYN) - Request Your Free Report.