Forex Trend Analysis Report
Prepared for you on Wednesday, October 28, 2020.
Djibouti Franc/Euro (FOREX:DJFEUR)
Long-Term Downtrend (-90) - DJFEUR is in a strong downtrend that is likely to continue. While DJFEUR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid DJFEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for DJFEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DJFEUR
The long-term trend has been DOWN since Jul 13th, 2020 at 0.00497019
The intermediate-term trend has been DOWN since Oct 13th, 2020 at 0.00479794
The short-term trend has been DOWN since Oct 19th, 2020 at 0.00478920
Smart Scan Analysis for DJFEUR
Based on our trend formula, DJFEUR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).