Forex Trend Analysis Report
Prepared for you on Thursday, December 3, 2020.
British Pound/Djibouti Franc (FOREX:GBPDJF)
Countertrend Up (+85) - GBPDJF 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 GBPDJF?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPDJF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPDJF
The long-term trend has been UP since Jul 27th, 2020 at 226.79555
The intermediate-term trend has been UP since Oct 13th, 2020 at 230.19645
The short-term trend has been DOWN since Dec 1st, 2020 at 237.25753
Smart Scan Analysis for GBPDJF
Based on our trend formula, GBPDJF is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).