Forex Trend Analysis Report
Prepared for you on Tuesday, October 3, 2023.
US Dollar/Burundi Franc (FOREX:USDBIF)
Bull Market Weakness (+75) - USDBIF is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDBIF as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid USDBIF?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDBIF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDBIF
The long-term trend has been UP since Nov 28th, 2022 at 2075.9075
The intermediate-term trend has been UP since Aug 22nd, 2023 at 2837.5000
The short-term trend has been UP since Sep 26th, 2023 at 2844.0000
Smart Scan Analysis for USDBIF
Based on our trend formula, USDBIF is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).