Forex Trend Analysis Report
Prepared for you on Wednesday, April 1, 2020.
Euro/Djibouti Franc (FOREX:EURDJF)
Weak Downtrend (-65) - EURDJF is showing signs of a strengthening downtrend. Monitor EURDJF as it may be building momentum to the downside.
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 UP since Mar 8th, 2020 at 199.88
The intermediate-term trend has been DOWN since Mar 25th, 2020 at 196.06
The short-term trend has been DOWN since Mar 16th, 2020 at 200.05
Smart Scan Analysis for EURDJF
Based on our trend formula, EURDJF is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).