Forex Trend Analysis Report
Prepared for you on Wednesday, March 3, 2021.
/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, SHORTSYMBOL 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 Nov 23rd, 2020 at 0.00050749
The intermediate-term trend has been DOWN since Feb 16th, 2021 at 0.00050458
The short-term trend has been DOWN since Feb 16th, 2021 at 0.00050485
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).