Forex Trend Analysis Report
Prepared for you on Saturday, March 23, 2019.
Euro/Burundi Franc (FOREX:EURBIF)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 EURBIF
The long term trend has been UP since Jan 10th, 2019 at 2055.5
The intermediate term trend has been DOWN since Feb 10th, 2019 at 2038.7
The short term trend has been UP since Mar 20th, 2019 at 2043.2
Smart Scan Analysis for EURBIF
Based on a pre-defined weighted trend formula for chart analysis, EURBIF scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).