Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
US Dollar/Djibouti Franc (FOREX:USDDJF)
Bull Market Weakness (+75) - USDDJF is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDDJF as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid USDDJF?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDDJF.
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 USDDJF
The long-term trend has been UP since Apr 10th, 2024 at 179.14990
The intermediate-term trend has been DOWN since May 1st, 2024 at 177.59156
The short-term trend has been UP since May 2nd, 2024 at 178.10648
Smart Scan Analysis for USDDJF
Based on our trend formula, USDDJF is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 178.10491 | 178.10491 | 178.10491 | 178.10491 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 178.10491 | 2024-05-09 07:26:28 |