Forex Trend Analysis Report
Prepared for you on Saturday, December 2, 2023.
Euro/Djibouti Franc (FOREX:EURDJF)
Crossroads (-60) - EURDJF 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 EURDJF?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURDJF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURDJF
The long-term trend has been DOWN since Oct 6th, 2023 at 190.52
The intermediate-term trend has been UP since Oct 24th, 2023 at 189.06
The short-term trend has been UP since Oct 24th, 2023 at 189.06
Smart Scan Analysis for EURDJF
Based on our trend formula, EURDJF is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).