Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Saturday, May 4, 2024.
/US Dollar (FOREX:CDFUSD)
Bull Market Weakness (+75) - CDFUSD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CDFUSD as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid CDFUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for CDFUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for CDFUSD
The long-term trend has been DOWN since Aug 23rd, 2022 at 0.00049574
The intermediate-term trend has been UP since Apr 23rd, 2024 at 0.00036051
The short-term trend has been UP since May 1st, 2024 at 0.00035907
Smart Scan Analysis for CDFUSD
Based on our trend formula, CDFUSD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00035912 | 0.00036052 | 0.00035912 | 0.00036052 | +0.00000100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00035924 | 2024-05-01 21:07:17 |