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Forex Trend Analysis Report

Prepared for you on Thursday, December 26, 2024.

British Pound/Djibouti Franc (FOREX:GBPDJF)

Long-Term Downtrend (-90) - GBPDJF is in a strong downtrend that is likely to continue. While GBPDJF is showing intraday strength, it remains in the confines of a bearish trend. 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
223.09129 223.09129 223.09129 223.09129 0.00000
Entry Signal

MarketClub’s Trade Triangles for GBPDJF

long term down The long-term trend has been DOWN since Nov 18th, 2024 at 225.75921

intermediate term down The intermediate-term trend has been DOWN since Dec 15th, 2024 at 225.91631

short term down The short-term trend has been DOWN since Dec 15th, 2024 at 225.91631

Smart Scan Analysis for GBPDJF

Based on our trend formula, GBPDJF is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for GBPDJF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
223.09129 223.09129 223.09129 223.09129 0.00000
Prev. Close Volume Bid Ask Time
226.86439 2024-12-24 21:00:04
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