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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.

FOREX_BYNUSD
Open High Low BYNUSD Price Change
0.39610177 0.39610177 0.39610177 0.39610177 0.00000000
Entry Signal

MarketClub’s Trade Triangles for BYNUSD

long term down The long-term trend has been DOWN since Apr 17th, 2023 at 0.39511175

intermediate term down The intermediate-term trend has been DOWN since May 28th, 2023 at 0.39581583

short term down 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).

-90
Smart Scan Analysis for BYNUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.39610177 0.39610177 0.39610177 0.39610177 0.00000000
Prev. Close Volume Bid Ask Time
0.39610177 2023-06-05 07:27:02
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