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Forex Trend Analysis Report

Prepared for you on Thursday, September 21, 2023.

British Pound/Burundi Franc (FOREX:GBPBIF)

Weak Downtrend (-65) - GBPBIF is showing signs of a strengthening downtrend. Monitor GBPBIF as it may be building momentum to the downside.

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
3516.161 3516.161 3516.161 3516.161 0.000
Entry Signal

MarketClub’s Trade Triangles for GBPBIF

long term up The long-term trend has been UP since Dec 4th, 2022 at 2510.1835

intermediate term down The intermediate-term trend has been DOWN since Aug 1st, 2023 at 3637.2353

short term down The short-term trend has been DOWN since Aug 23rd, 2023 at 3605.0663

Smart Scan Analysis for GBPBIF

Based on our trend formula, GBPBIF is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for GBPBIF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3516.161 3516.161 3516.161 3516.161 0.000
Prev. Close Volume Bid Ask Time
3513.460 2023-09-16 10:51:44
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