Forex Trend Analysis Report
Prepared for you on Tuesday, March 9, 2021.
British Pound/Djibouti Franc (FOREX:GBPDJF)
Weak Downtrend (-65) - GBPDJF is showing signs of a strengthening downtrend. Monitor GBPDJF as it may be building momentum to the downside.
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 DOWN since Mar 7th, 2021 at 246.85462
The short-term trend has been DOWN since Mar 4th, 2021 at 248.39935
Smart Scan Analysis for GBPDJF
Based on our trend formula, GBPDJF is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).