Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
Djibouti Franc/British Pound (FOREX:DJFGBP)
Long-Term Downtrend (-90) - DJFGBP is in a strong downtrend that is likely to continue. While DJFGBP 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 DJFGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for DJFGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DJFGBP
The long-term trend has been DOWN since Jul 27th, 2020 at 0.00441145
The intermediate-term trend has been DOWN since Oct 13th, 2020 at 0.00434614
The short-term trend has been DOWN since Feb 8th, 2021 at 0.00409985
Smart Scan Analysis for DJFGBP
Based on our trend formula, DJFGBP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).