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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
British Pound/Djibouti Franc (FOREX:GBPDJF)
Countertrend Down (-85) - GBPDJF is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid GBPDJF?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPDJF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for GBPDJF
The long-term trend has been DOWN since Apr 14th, 2024 at 223.24225
The intermediate-term trend has been DOWN since Mar 28th, 2024 at 226.11187
The short-term trend has been UP since Apr 29th, 2024 at 221.60642
Smart Scan Analysis for GBPDJF
Based on our trend formula, GBPDJF is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 222.53742 | 222.53742 | 222.53742 | 222.53742 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 222.53742 | 2024-05-08 21:02:49 |