Forex Trend Analysis Report
Prepared for you on Monday, June 5, 2023.
Belarusian Ruble/US Dollar (FOREX:BYNUSD)
Long-Term Downtrend (-90) - BYNUSD is in a strong downtrend that is likely to continue. While BYNUSD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid BYNUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for BYNUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BYNUSD
The long-term trend has been DOWN since Apr 17th, 2023 at 0.39511175
The intermediate-term trend has been DOWN since May 28th, 2023 at 0.39581583
The short-term trend has been DOWN since May 18th, 2023 at 0.39615459
Smart Scan Analysis for BYNUSD
Based on our trend formula, BYNUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).