Forex Trend Analysis Report
Prepared for you on Friday, January 17, 2020.
Euro/Burundi Franc (FOREX:EURBIF)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight 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 EURBIF
The long term trend has been UP since Nov 3rd, 2019 at 2076.00
The intermediate term trend has been UP since Oct 13th, 2019 at 2039.40
The short term trend has been DOWN since Jan 9th, 2020 at 2102.47
Smart Scan Analysis for EURBIF
Based on a pre-defined weighted trend formula for chart analysis, EURBIF scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).