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Forex Trend Analysis Report

Prepared for you on Wednesday, June 12, 2024.

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.

FOREX_USDBYN
Open High Low USDBYN Price Change
3.2720751 3.2724400 3.2562183 3.2562183 -0.0158570
Entry Signal

MarketClub’s Trade Triangles for USDBYN

long term up The long-term trend has been UP since Jun 10th, 2024 at 3.3096894

intermediate term down The intermediate-term trend has been DOWN since Jun 10th, 2024 at 3.2676649

short term down The short-term trend has been DOWN since Jun 10th, 2024 at 3.2677830

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
3.2720751 3.2724400 3.2562183 3.2562183 -0.0158570
Prev. Close Volume Bid Ask Time
3.2720751 2024-06-12 21:02:27
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