Forex Trend Analysis Report
Prepared for you on Tuesday, March 9, 2021.
US Dollar/Belarusian Ruble (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 DOWN since Dec 15th, 2020 at 2.5369902
The intermediate-term trend has been UP since Jan 25th, 2021 at 2.5504453
The short-term trend has been DOWN since Mar 8th, 2021 at 2.6086702
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).