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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
US Dollar/ (FOREX:USDCDF)
Sidelines Mode (-50) - USDCDF is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until USDCDF can gain 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.
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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 Jul 15th, 2024 at 2855.0
The short-term trend has been DOWN since Jul 15th, 2024 at 2865.0
Smart Scan Analysis for USDCDF
Based on our trend formula, USDCDF is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2865.0 | 2865.0 | 2862.5 | 2862.5 | -2.5 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2865.0 | 2024-07-24 14:04:13 |