Forex Trend Analysis Report
Prepared for you on Saturday, August 18, 2018.
US Dollar/Burundi Franc (FOREX:USDBIF)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 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 UP since Aug 16th, 2018 at 1785.50
Smart Scan Analysis for USDBIF
Based on a pre-defined weighted trend formula for chart analysis, USDBIF scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).