Forex Trend Analysis Report
Prepared for you on Wednesday, July 6, 2022.
US Dollar/Belarusian Ruble (FOREX:USDBYN)
Weak Downtrend (-65) - USDBYN is showing signs of a strengthening downtrend. Monitor USDBYN as it may be building momentum to the downside.
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 UP since Nov 29th, 2021 at 2.5304618
The intermediate-term trend has been DOWN since Jun 29th, 2022 at 3.3758726
The short-term trend has been DOWN since Jun 29th, 2022 at 3.3770280
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).