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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
US Dollar/Burundi Franc (FOREX:USDBIF)
Weak Uptrend (+65) - USDBIF is showing signs of weakening momentum to the upside. Monitor USDBIF as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid USDBIF?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDBIF.
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 USDBIF
The long-term trend has been UP since Mar 20th, 2024 at 2869.5000
The intermediate-term trend has been DOWN since Apr 23rd, 2024 at 2856.7746
The short-term trend has been UP since May 6th, 2024 at 2870.5000
Smart Scan Analysis for USDBIF
Based on our trend formula, USDBIF is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2873 | 2874 | 2873 | 2874 | +1 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2873 | 2024-05-08 12:18:01 |