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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

US Dollar/Belarusian Ruble (FOREX:USDBYN)

Bear Market Rally (-75) - USDBYN is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on USDBYN as it may be in the beginning 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
3.2754052 3.2754052 3.2745087 3.2745087 -0.0008960
Entry Signal

MarketClub’s Trade Triangles for USDBYN

long term down The long-term trend has been DOWN since Jan 10th, 2024 at 3.2780805

intermediate term up The intermediate-term trend has been UP since Mar 12th, 2024 at 3.2744550

short term down The short-term trend has been DOWN since Mar 18th, 2024 at 3.2725013

Smart Scan Analysis for USDBYN

Based on our trend formula, USDBYN is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for USDBYN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.2754052 3.2754052 3.2745087 3.2745087 -0.0008960
Prev. Close Volume Bid Ask Time
3.2754052 2024-03-29 03:30:07
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