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Forex Trend Analysis Report

Prepared for you on Friday, December 8, 2023.

US Dollar/Belarusian Ruble (FOREX:USDBYN)

Bull Market Weakness (+75) - USDBYN is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDBYN as it may be in the beginning stages of a reversal.

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
3.2963320 3.2992104 3.2963320 3.2981075 +0.0017750
Entry Signal

MarketClub’s Trade Triangles for USDBYN

long term up The long-term trend has been UP since Aug 13th, 2023 at 2.5320612

intermediate term up The intermediate-term trend has been UP since Dec 6th, 2023 at 3.2965898

short term up The short-term trend has been UP since Dec 1st, 2023 at 3.2924049

Smart Scan Analysis for USDBYN

Based on our trend formula, USDBYN is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for USDBYN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.2963320 3.2992104 3.2963320 3.2981075 +0.0017750
Prev. Close Volume Bid Ask Time
3.2950877 2023-12-06 21:30:14
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