Forex Trend Analysis Report
Prepared for you on Sunday, October 24, 2021.
US Dollar/Burundi Franc (FOREX:USDBIF)
Long-Term Uptrend (+90) - USDBIF is in a strong uptrend that is likely to continue. While USDBIF is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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.
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 UP since Oct 19th, 2021 at 1999.0000
The short-term trend has been UP since Oct 19th, 2021 at 1999.0000
Smart Scan Analysis for USDBIF
Based on our trend formula, USDBIF is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).