Forex Trend Analysis Report
Prepared for you on Tuesday, September 17, 2019.
Burundi Franc/US Dollar (FOREX:BIFUSD)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DOWN since Jun 16th, 2019 at 0.000544
The short term trend has been DOWN since Jul 21st, 2019 at 0.000544
Smart Scan Analysis for BIFUSD
Based on a pre-defined weighted trend formula for chart analysis, BIFUSD scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).