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Forex Trend Analysis Report

Prepared for you on Tuesday, October 23, 2018.

US Dollar/Burundi Franc (FOREX:USDBIF)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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.

FOREX_USDBIF
Open High Low USDBIF Price Change
1810.5 1810.5 1810.0 1810.5 0.0
Entry Signal

MarketClub’s Trade Triangles for USDBIF

long term up The long term trend has been UP since Oct 18th, 2018 at 1786.0

intermediate term up The intermediate term trend has been UP since Oct 3rd, 2018 at 1785.5

short term up The short term trend has been UP since Oct 22nd, 2018 at 1786.8

Smart Scan Analysis for USDBIF

Based on a pre-defined weighted trend formula for chart analysis, USDBIF scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+80
Smart Scan Analysis for USDBIF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1810.5 1810.5 1810.0 1810.5 0.0
Prev. Close Volume Bid Ask Time
1810.5 1771.0 1850.0 2018-10-22 17:36:50
Want to analyze US Dollar/Burundi Franc USDBIF or another symbol? Try our Free Forex Trend Analysis Report.