Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
/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 Dec 8th, 2019 at 0.00059900
The intermediate-term trend has been DOWN since May 20th, 2020 at 0.00055463
The short-term trend has been DOWN since May 20th, 2020 at 0.00055463
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).