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Forex Trend Analysis Report

Prepared for you on Thursday, August 11, 2022.

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
0.00561769 0.00562000 0.00561769 0.00562000 +0.00000200
Entry Signal

MarketClub’s Trade Triangles for DJFUSD

long term down The long-term trend has been DOWN since Jun 28th, 2022 at 0.00559338

intermediate term down The intermediate-term trend has been DOWN since Aug 9th, 2022 at 0.00562000

short term down The short-term trend has been DOWN since Aug 9th, 2022 at 0.00562000

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
0.00561769 0.00562000 0.00561769 0.00562000 +0.00000200
Prev. Close Volume Bid Ask Time
0.00561769 2022-08-10 13:08:30
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