Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, February 6, 2025.
US Dollar/ (FOREX:USDCDF)
Bear Market Rally (-75) - USDCDF is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on USDCDF as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid USDCDF?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDCDF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for USDCDF
The long-term trend has been DOWN since Jan 15th, 2025 at 2844.0
The intermediate-term trend has been DOWN since Jan 9th, 2025 at 2868.5
The short-term trend has been UP since Jan 23rd, 2025 at 2835.5
Smart Scan Analysis for USDCDF
Based on our trend formula, USDCDF is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2851.5 | 2851.5 | 2851.5 | 2851.5 | 0.0 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2852.5 | 2025-02-04 16:58:41 |