Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
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 Aug 20th, 2021 at 2707.7466
The intermediate-term trend has been UP since Oct 19th, 2021 at 2734.4657
The short-term trend has been UP since Oct 15th, 2021 at 2706.4861
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).