Forex Trend Analysis Report
Prepared for you on Saturday, November 27, 2021.
US Dollar/ (FOREX:USDCDF)
Weak Downtrend (-65) - USDCDF is showing signs of a strengthening downtrend. Monitor USDCDF as it may be building momentum to the downside.
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 Oct 7th, 2021 at 2005
The intermediate-term trend has been DOWN since Nov 5th, 2021 at 2011
The short-term trend has been DOWN since Nov 15th, 2021 at 2010
Smart Scan Analysis for USDCDF
Based on our trend formula, USDCDF is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).