Forex Trend Analysis Report
Prepared for you on Wednesday, March 22, 2023.
Djibouti Franc/Euro (FOREX:DJFEUR)
Crossroads (-60) - DJFEUR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 Nov 23rd, 2022 at 0.00548790
The intermediate-term trend has been UP since Feb 6th, 2023 at 0.00519684
The short-term trend has been UP since Mar 8th, 2023 at 0.00529429
Smart Scan Analysis for DJFEUR
Based on our trend formula, DJFEUR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).