Forex Trend Analysis Report
Prepared for you on Friday, June 22, 2018.
US Dollar/Burundi Franc (FOREX:USDBIF)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
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 USDBIF
The long term trend has been DOWN since May 30th, 2018 at 1758.95
The intermediate term trend has been DOWN since May 30th, 2018 at 1758.95
The short term trend has been DOWN since Jun 21st, 2018 at 1762.40
Smart Scan Analysis for USDBIF
Based on a pre-defined weighted trend formula for chart analysis, USDBIF scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).