Forex Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
/US Dollar (FOREX:CDFUSD)
Strong Downtrend (-100) - CDFUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CDFUSD continues to fall. Traders should use caution and set stops.
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 DOWN since Nov 24th, 2023 at 0.00040400
The short-term trend has been DOWN since Nov 24th, 2023 at 0.00040402
Smart Scan Analysis for CDFUSD
Based on our trend formula, CDFUSD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).