Forex Trend Analysis Report
Prepared for you on Tuesday, March 26, 2019.
Burundi Franc/US Dollar (FOREX:BIFUSD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for BIFUSD
The long term trend has been DOWN since Jul 26th, 2018 at 0.000565
The intermediate term trend has been UP since Mar 20th, 2019 at 0.000556
The short term trend has been DOWN since Mar 21st, 2019 at 0.000554
Smart Scan Analysis for BIFUSD
Based on a pre-defined weighted trend formula for chart analysis, BIFUSD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).