Forex Trend Analysis Report
Prepared for you on Saturday, November 27, 2021.
US Dollar/Burundi Franc (FOREX:USDBIF)
Countertrend Up (+85) - USDBIF is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Oct 19th, 2021 at 1999.0000
The short-term trend has been DOWN since Nov 26th, 2021 at 1993.8351
Smart Scan Analysis for USDBIF
Based on our trend formula, USDBIF is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).