Forex Trend Analysis Report
Prepared for you on Saturday, February 27, 2021.
Djibouti Franc/Euro (FOREX:DJFEUR)
Countertrend Down (-85) - DJFEUR 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 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 Feb 16th, 2021 at 0.00462264
The short-term trend has been UP since Feb 18th, 2021 at 0.00464175
Smart Scan Analysis for DJFEUR
Based on our trend formula, DJFEUR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).