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.
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 Jan 6th, 2020 at 2.1113434
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).