Forex Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
Euro/Burundi Franc (FOREX:EURBIF)
Bear Market Rally (-75) - EURBIF is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EURBIF as it may be in the beginning of a reversal.
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 Aug 9th, 2021 at 2333.33
The intermediate-term trend has been DOWN since Sep 21st, 2021 at 2336.91
The short-term trend has been UP since Oct 15th, 2021 at 2299.67
Smart Scan Analysis for EURBIF
Based on our trend formula, EURBIF is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).