Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
US Dollar/ (FOREX:USDCDF)
Weak Uptrend (+65) - USDCDF is showing signs of weakening momentum to the upside. Monitor USDCDF as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid
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 DOWN since Feb 17th, 2020 at 1685.5
Smart Scan Analysis for USDCDF
Based on our trend formula, USDCDF is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).