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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.

FOREX_USDBIF
Open High Low USDBIF Price Change
2846.5 2847.5 2845.5 2847.5 +1.0
Entry Signal

MarketClub’s Trade Triangles for USDBIF

long term up The long-term trend has been UP since Nov 28th, 2022 at 2075.9075

intermediate term up The intermediate-term trend has been UP since Aug 22nd, 2023 at 2837.5000

short term up 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).

+70
Smart Scan Analysis for USDBIF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2846.5 2847.5 2845.5 2847.5 +1.0
Prev. Close Volume Bid Ask Time
2841.2 2023-09-28 11:22:14
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