Forex Trend Analysis Report
Prepared for you on Sunday, January 20, 2019.
Euro/Burundi Franc (FOREX:EURBIF)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for EURBIF
The long term trend has been UP since Jan 10th, 2019 at 2055.5
The intermediate term trend has been UP since Dec 19th, 2018 at 2034.5
The short term trend has been DOWN since Jan 16th, 2019 at 2057.8
Smart Scan Analysis for EURBIF
Based on a pre-defined weighted trend formula for chart analysis, EURBIF scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).