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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.

FOREX_GBPBIF
Open High Low GBPBIF Price Change
2559.6313 2559.6313 2559.6313 2559.6313 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPBIF

long term down The long-term trend has been DOWN since Mar 9th, 2022 at 2626.7618

intermediate term down The intermediate-term trend has been DOWN since Apr 4th, 2022 at 2691.9765

short term down 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).

-90
Smart Scan Analysis for GBPBIF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2559.6313 2559.6313 2559.6313 2559.6313 0.0000
Prev. Close Volume Bid Ask Time
2559.6313 2022-05-17 07:31:29
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