Forex Trend Analysis Report
Prepared for you on Saturday, April 1, 2023.
Burundi Franc/US Dollar (FOREX:BIFUSD)
Long-Term Downtrend (-90) - BIFUSD is in a strong downtrend that is likely to continue. While BIFUSD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid BIFUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for BIFUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BIFUSD
The long-term trend has been DOWN since Nov 28th, 2022 at 0.00048181
The intermediate-term trend has been DOWN since Feb 15th, 2023 at 0.00048154
The short-term trend has been DOWN since Mar 15th, 2023 at 0.00048109
Smart Scan Analysis for BIFUSD
Based on our trend formula, BIFUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).