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Forex Trend Analysis Report

Prepared for you on Monday, April 22, 2024.

British Pound/Djibouti Franc (FOREX:GBPDJF)

Countertrend Down (-85) - GBPDJF is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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.

FOREX_GBPDJF
Open High Low GBPDJF Price Change
222.22742 222.22742 222.07166 222.07166 -0.15576
Entry Signal

MarketClub’s Trade Triangles for GBPDJF

long term down The long-term trend has been DOWN since Apr 14th, 2024 at 223.24225

intermediate term down The intermediate-term trend has been DOWN since Mar 28th, 2024 at 226.11187

short term up The short-term trend has been UP since Apr 18th, 2024 at 221.76733

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).

-85
Smart Scan Analysis for GBPDJF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
222.22742 222.22742 222.07166 222.07166 -0.15576
Prev. Close Volume Bid Ask Time
220.29605 2024-04-18 21:07:18
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