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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
US Dollar/ (FOREX:USDCDF)
Sidelines Mode (+55) - USDCDF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 UP since Sep 1st, 2022 at 2020.5
The intermediate-term trend has been DOWN since Nov 5th, 2024 at 2850.0
The short-term trend has been UP since Nov 19th, 2024 at 2867.5
Smart Scan Analysis for USDCDF
Based on our trend formula, USDCDF is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2871 | 2871 | 2871 | 2871 | 0 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2871 | 2024-11-19 11:26:39 |