Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
US Dollar/Belarusian Ruble (FOREX:USDBYN)
Long-Term Downtrend (-90) - USDBYN is in a strong downtrend that is likely to continue. While USDBYN is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 May 6th, 2021 at 2.5492488
The intermediate-term trend has been DOWN since Jul 22nd, 2021 at 2.5268385
The short-term trend has been DOWN since Oct 10th, 2021 at 2.4966266
Smart Scan Analysis for USDBYN
Based on our trend formula, USDBYN is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).