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.
MarketClub’s Trade Triangles for USDBIF
The long term trend has been UP since Oct 18th, 2018 at 1786.0
The intermediate term trend has been UP since Oct 3rd, 2018 at 1785.5
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).