Forex Trend Analysis Report
Prepared for you on Wednesday, March 22, 2023.
US Dollar/Belarusian Ruble (FOREX:USDBYN)
Strong Downtrend (-100) - USDBYN is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, USDBYN continues to fall. 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 Jul 8th, 2022 at 3.2560316
The intermediate-term trend has been DOWN since Mar 17th, 2023 at 2.5235139
The short-term trend has been DOWN since Mar 17th, 2023 at 2.5238120
Smart Scan Analysis for USDBYN
Based on our trend formula, USDBYN is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).