Forex Trend Analysis Report
Prepared for you on Thursday, May 28, 2020.
British Pound/Djibouti Franc (FOREX:GBPDJF)
Strong Downtrend (-100) - GBPDJF is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution 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.
MarketClub’s Trade Triangles for GBPDJF
The long-term trend has been DOWN since Mar 12th, 2020 at 229.08572
The intermediate-term trend has been DOWN since May 11th, 2020 at 220.05605
The short-term trend has been DOWN since May 8th, 2020 at 220.59815
Smart Scan Analysis for GBPDJF
Based on our trend formula, GBPDJF is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).