Forex Trend Analysis Report
Prepared for you on Friday, March 22, 2019.
US Dollar/Burundi Franc (FOREX:USDBIF)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for USDBIF
The long term trend has been UP since Feb 11th, 2019 at 1825.50
The intermediate term trend has been DOWN since Feb 19th, 2019 at 1788.25
The short term trend has been DOWN since Mar 20th, 2019 at 1799.25
Smart Scan Analysis for USDBIF
Based on a pre-defined weighted trend formula for chart analysis, USDBIF scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).