Forex Trend Analysis Report
Prepared for you on Tuesday, March 21, 2023.
/US Dollar (FOREX:CDFUSD)
Sidelines Mode (+50) - CDFUSD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until CDFUSD can gain momentum.
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 Mar 18th, 2023 at 0.00048356
The short-term trend has been UP since Mar 17th, 2023 at 0.00047975
Smart Scan Analysis for CDFUSD
Based on our trend formula, CDFUSD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).