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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
US Dollar/ (FOREX:USDCDF)
Crossroads (-60) - USDCDF is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid USDCDF?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDCDF.
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 USDCDF
The long-term trend has been UP since Sep 1st, 2022 at 2020.5
The intermediate-term trend has been DOWN since Apr 16th, 2024 at 2790.0
The short-term trend has been DOWN since May 6th, 2024 at 2790.0
Smart Scan Analysis for USDCDF
Based on our trend formula, USDCDF is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2800 | 2801 | 2800 | 2801 | +1 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2800 | 2024-05-08 12:46:08 |