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Forex Trend Analysis Report

Prepared for you on Monday, May 27, 2024.

Burundi Franc/US Dollar (FOREX:BIFUSD)

Countertrend Down (-85) - BIFUSD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

Is it time to buy, sell, or avoid BIFUSD?

MarketClub looks at technical strength and momentum to determine if the timing is right for BIFUSD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_BIFUSD
Open High Low BIFUSD Price Change
0.00034881 0.00034881 0.00034865 0.00034865 0.00000000
Entry Signal

MarketClub’s Trade Triangles for BIFUSD

long term down The long-term trend has been DOWN since Nov 28th, 2022 at 0.00048181

intermediate term down The intermediate-term trend has been DOWN since May 21st, 2024 at 0.00034825

short term up The short-term trend has been UP since May 26th, 2024 at 0.00034866

Smart Scan Analysis for BIFUSD

Based on our trend formula, BIFUSD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for BIFUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00034881 0.00034881 0.00034865 0.00034865 0.00000000
Prev. Close Volume Bid Ask Time
0.00034851 2024-05-26 21:00:27
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