Forex Trend Analysis Report
Prepared for you on Thursday, August 18, 2022.
British Pound/Burundi Franc (FOREX:GBPBIF)
Sidelines Mode (+50) - GBPBIF is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until GBPBIF can gain momentum.
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.
MarketClub’s Trade Triangles for GBPBIF
The long-term trend has been DOWN since Mar 9th, 2022 at 2626.7618
The intermediate-term trend has been UP since Aug 2nd, 2022 at 2468.0471
The short-term trend has been UP since Aug 2nd, 2022 at 2438.7093
Smart Scan Analysis for GBPBIF
Based on our trend formula, GBPBIF is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).