Forex Trend Analysis Report
Prepared for you on Tuesday, August 3, 2021.
Euro/Burundi Franc (FOREX:EURBIF)
Countertrend Up (+85) - EURBIF is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid EURBIF?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURBIF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURBIF
The long-term trend has been UP since May 10th, 2021 at 2378.16
The intermediate-term trend has been UP since Aug 1st, 2021 at 2336.83
The short-term trend has been UP since Aug 1st, 2021 at 2336.83
Smart Scan Analysis for EURBIF
Based on our trend formula, EURBIF is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).