Forex Trend Analysis Report
Prepared for you on Thursday, July 9, 2020.
US Dollar/Burundi Franc (FOREX:USDBIF)
Strong Uptrend (+100) - USDBIF is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, USDBIF continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 Jun 8th, 2020 at 1910.5000
The short-term trend has been UP since Jun 5th, 2020 at 1910.0000
Smart Scan Analysis for USDBIF
Based on our trend formula, USDBIF is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).