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Forex Trend Analysis Report
Prepared for you on Thursday, August 18, 2022.
US Dollar/Burundi Franc (FOREX:USDBIF)
Countertrend Up (+85) - USDBIF is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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.
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MarketClub’s Trade Triangles for USDBIF
The long-term trend has been UP since Feb 9th, 2022 at 2017.0000
The intermediate-term trend has been UP since Aug 9th, 2022 at 2059.3391
The short-term trend has been UP since Aug 2nd, 2022 at 2051.8809
Smart Scan Analysis for USDBIF
Based on our trend formula, USDBIF is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2045.5 | 2045.5 | 2045.5 | 2045.5 | 0.0 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2047.5 | 2022-08-11 10:33:35 |