Forex Trend Analysis Report
Prepared for you on Thursday, December 3, 2020.
US Dollar/Burundi Franc (FOREX:USDBIF)
Weak Downtrend (-65) - USDBIF is showing signs of a strengthening downtrend. Monitor USDBIF as it may be building momentum to the downside.
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 Apr 1st, 2020 at 1901.3021
The intermediate-term trend has been DOWN since Nov 25th, 2020 at 1931.0973
The short-term trend has been DOWN since Dec 2nd, 2020 at 1929.3371
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).