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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.

FOREX_GBPBIF
Open High Low GBPBIF Price Change
2495.0453 2495.0453 2495.0453 2495.0453 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPBIF

long term down The long-term trend has been DOWN since Mar 9th, 2022 at 2626.7618

intermediate term up The intermediate-term trend has been UP since Aug 2nd, 2022 at 2468.0471

short term up 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).

+50
Smart Scan Analysis for GBPBIF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2495.0453 2495.0453 2495.0453 2495.0453 0.0000
Prev. Close Volume Bid Ask Time
2495.0453 2022-08-10 07:20:32
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