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Forex Trend Analysis Report

Prepared for you on Thursday, June 13, 2024.

British Pound/Burundi Franc (FOREX:GBPBIF)

Countertrend Up (+85) - GBPBIF is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid GBPBIF?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPBIF.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPBIF
Open High Low GBPBIF Price Change
3666.5639 3666.5639 3659.4486 3659.4486 -7.1153
Entry Signal

MarketClub’s Trade Triangles for GBPBIF

long term up The long-term trend has been UP since May 28th, 2024 at 3661.1050

intermediate term up The intermediate-term trend has been UP since May 12th, 2024 at 3593.9773

short term down The short-term trend has been DOWN since Jun 12th, 2024 at 3669.6612

Smart Scan Analysis for GBPBIF

Based on our trend formula, GBPBIF is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for GBPBIF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3666.5639 3666.5639 3659.4486 3659.4486 -7.1153
Prev. Close Volume Bid Ask Time
3672.3679 2024-06-12 21:02:32
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