Forex Trend Analysis Report
Prepared for you on Monday, August 3, 2020.
Burundi Franc/US Dollar (FOREX:BIFUSD)
Strong Downtrend (-100) - BIFUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. 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 May 6th, 2020 at 0.00052605
The intermediate-term trend has been DOWN since Jul 27th, 2020 at 0.00051920
The short-term trend has been DOWN since Jul 27th, 2020 at 0.00051920
Smart Scan Analysis for BIFUSD
Based on our trend formula, BIFUSD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).