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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.

FOREX_USDBYN
Open High Low USDBYN Price Change
2.6086187 2.6086187 2.6086187 2.6086187 0.0000000
Entry Signal

MarketClub’s Trade Triangles for USDBYN

long term down The long-term trend has been DOWN since Dec 15th, 2020 at 2.5369902

intermediate term up The intermediate-term trend has been UP since Jan 25th, 2021 at 2.5504453

short term down 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).

+55
Smart Scan Analysis for USDBYN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.6086187 2.6086187 2.6086187 2.6086187 0.0000000
Prev. Close Volume Bid Ask Time
2.6086187 2021-03-08 07:19:08
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