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Forex Trend Analysis Report

Prepared for you on Monday, June 17, 2024.

/US Dollar (FOREX:CDFUSD)

Countertrend Down (-85) - CDFUSD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.

FOREX_CDFUSD
Open High Low CDFUSD Price Change
0.00035466 0.00035466 0.00035399 0.00035399 -0.00000100
Entry Signal

MarketClub’s Trade Triangles for CDFUSD

long term down The long-term trend has been DOWN since Aug 23rd, 2022 at 0.00049574

intermediate term down The intermediate-term trend has been DOWN since Jun 6th, 2024 at 0.00035729

short term up The short-term trend has been UP since Jun 16th, 2024 at 0.00035389

Smart Scan Analysis for CDFUSD

Based on our trend formula, CDFUSD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for CDFUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00035466 0.00035466 0.00035399 0.00035399 -0.00000100
Prev. Close Volume Bid Ask Time
0.00035389 2024-06-16 21:00:28
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