Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
Euro/Burundi Franc (FOREX:EURBIF)
Weak Downtrend (-65) - EURBIF is showing signs of a strengthening downtrend. Monitor EURBIF as it may be building momentum to the downside.
Is it time to buy, sell, or avoid EURBIF?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURBIF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURBIF
The long-term trend has been DOWN since Oct 4th, 2023 at 3030.2
The intermediate-term trend has been UP since Oct 29th, 2023 at 2984.2
The short-term trend has been DOWN since Dec 6th, 2023 at 3084.2
Smart Scan Analysis for EURBIF
Based on our trend formula, EURBIF is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).