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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.

FOREX_USDBIF
Open High Low USDBIF Price Change
2045.5 2045.5 2045.5 2045.5 0.0
Entry Signal

MarketClub’s Trade Triangles for USDBIF

long term up The long-term trend has been UP since Feb 9th, 2022 at 2017.0000

intermediate term up The intermediate-term trend has been UP since Aug 9th, 2022 at 2059.3391

short term up 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).

+80
Smart Scan Analysis for USDBIF
Strong Downtrend Sideways 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
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