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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
British Pound/Burundi Franc (FOREX:GBPBIF)
Countertrend Down (-85) - GBPBIF is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid GBPBIF?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPBIF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for GBPBIF
The long-term trend has been DOWN since Apr 18th, 2024 at 3581.4469
The intermediate-term trend has been DOWN since Mar 28th, 2024 at 3631.3515
The short-term trend has been UP since Apr 25th, 2024 at 3575.9081
Smart Scan Analysis for GBPBIF
Based on our trend formula, GBPBIF is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3590.9361 | 3590.9361 | 3590.9361 | 3590.9361 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3574.2764 | 2024-05-06 01:56:07 |