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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.

FOREX_GBPDJF
Open High Low GBPDJF Price Change
217.28907 217.28907 217.28907 217.28907 0.00000
Entry Signal

MarketClub’s Trade Triangles for GBPDJF

long term down The long-term trend has been DOWN since Mar 12th, 2020 at 229.08572

intermediate term down The intermediate-term trend has been DOWN since May 11th, 2020 at 220.05605

short term down 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).

-100
Smart Scan Analysis for GBPDJF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
217.28907 217.28907 217.28907 217.28907 0.00000
Prev. Close Volume Bid Ask Time
217.28907 212.25015 222.32798 2020-05-25 21:04:38
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