Forex Trend Analysis Report
Prepared for you on Monday, June 1, 2020.
US Dollar/ (FOREX:USDCDF)
Strong Uptrend (+100) - USDCDF is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, USDCDF continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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.
MarketClub’s Trade Triangles for USDCDF
The long-term trend has been UP since Dec 21st, 2018 at 1625.5
The intermediate-term trend has been UP since Dec 4th, 2019 at 1666.0
The short-term trend has been UP since Apr 9th, 2020 at 1710.5
Smart Scan Analysis for USDCDF
Based on our trend formula, USDCDF is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).