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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.

FOREX_USDBYN
Open High Low USDBYN Price Change
2.4753636 2.4779160 2.4753636 2.4779160 +0.0025520
Entry Signal

MarketClub’s Trade Triangles for USDBYN

long term down The long-term trend has been DOWN since May 6th, 2021 at 2.5492488

intermediate term down The intermediate-term trend has been DOWN since Jul 22nd, 2021 at 2.5268385

short term down 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).

-90
Smart Scan Analysis for USDBYN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.4753636 2.4779160 2.4753636 2.4779160 +0.0025520
Prev. Close Volume Bid Ask Time
2.4684299 2021-10-12 21:08:36
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