Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
Euro/Djibouti Franc (FOREX:EURDJF)
Countertrend Up (+85) - EURDJF is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 Jul 13th, 2020 at 201.67
The intermediate-term trend has been UP since Feb 16th, 2021 at 216.42
The short-term trend has been DOWN since Feb 18th, 2021 at 215.53
Smart Scan Analysis for EURDJF
Based on our trend formula, EURDJF is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).