Forex Trend Analysis Report
Prepared for you on Saturday, January 18, 2020.
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 0.00056500
The intermediate term trend has been UP since Dec 29th, 2019 at 0.00053370
The short term trend has been DOWN since Dec 30th, 2019 at 0.00053314
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).