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Forex Trend Analysis Report

Prepared for you on Thursday, November 21, 2024.

Djibouti Franc/US Dollar (FOREX:DJFUSD)

Long-Term Downtrend (-90) - DJFUSD is in a strong downtrend that is likely to continue. While DJFUSD 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 DJFUSD?

MarketClub looks at technical strength and momentum to determine if the timing is right for DJFUSD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_DJFUSD
Open High Low DJFUSD Price Change
0.00562000 0.00562000 0.00561413 0.00561413 -0.00000600
Entry Signal

MarketClub’s Trade Triangles for DJFUSD

long term down The long-term trend has been DOWN since Apr 10th, 2024 at 0.00558499

intermediate term down The intermediate-term trend has been DOWN since Nov 8th, 2024 at 0.00561396

short term down The short-term trend has been DOWN since Nov 8th, 2024 at 0.00561396

Smart Scan Analysis for DJFUSD

Based on our trend formula, DJFUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for DJFUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00562000 0.00562000 0.00561413 0.00561413 -0.00000600
Prev. Close Volume Bid Ask Time
0.00562000 2024-11-20 19:11:55
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