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.
MarketClub’s Trade Triangles for DJFUSD
The long-term trend has been DOWN since Jun 28th, 2022 at 0.00559338
The intermediate-term trend has been DOWN since Aug 9th, 2022 at 0.00562000
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).