Forex Trend Analysis Report
Prepared for you on Tuesday, May 17, 2022.
British Pound/Burundi Franc (FOREX:GBPBIF)
Long-Term Downtrend (-90) - GBPBIF is in a strong downtrend that is likely to continue. While GBPBIF is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid GBPBIF?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPBIF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPBIF
The long-term trend has been DOWN since Mar 9th, 2022 at 2626.7618
The intermediate-term trend has been DOWN since Apr 4th, 2022 at 2691.9765
The short-term trend has been DOWN since Apr 4th, 2022 at 2692.6217
Smart Scan Analysis for GBPBIF
Based on our trend formula, GBPBIF is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).