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Forex Trend Analysis Report

Prepared for you on Thursday, December 7, 2023.

US Dollar/Burundi Franc (FOREX:USDBIF)

Bull Market Weakness (+75) - USDBIF is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDBIF as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid USDBIF?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDBIF.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDBIF
Open High Low USDBIF Price Change
2846.4694 2853.5000 2846.4694 2853.0000 +6.5306
Entry Signal

MarketClub’s Trade Triangles for USDBIF

long term up The long-term trend has been UP since Nov 3rd, 2023 at 2848

intermediate term up The intermediate-term trend has been UP since Nov 3rd, 2023 at 2848

short term up The short-term trend has been UP since Nov 20th, 2023 at 2851

Smart Scan Analysis for USDBIF

Based on our trend formula, USDBIF is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for USDBIF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2846.4694 2853.5000 2846.4694 2853.0000 +6.5306
Prev. Close Volume Bid Ask Time
2846.4694 2023-12-06 13:00:59
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