Forex Trend Analysis Report
Prepared for you on Sunday, March 7, 2021.
US Dollar/Burundi Franc (FOREX:USDBIF)
Sidelines Mode (+55) - USDBIF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
MarketClub’s Trade Triangles for USDBIF
The long-term trend has been UP since Apr 1st, 2020 at 1901.3021
The intermediate-term trend has been DOWN since Feb 7th, 2021 at 1939.4441
The short-term trend has been UP since Feb 19th, 2021 at 1960.0000
Smart Scan Analysis for USDBIF
Based on our trend formula, USDBIF is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).