Forex Trend Analysis Report
Prepared for you on Tuesday, August 16, 2022.
US Dollar/Djibouti Franc (FOREX:USDDJF)
Bull Market Weakness (+75) - USDDJF is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDDJF as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid USDDJF?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDDJF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDDJF
The long-term trend has been UP since Jun 28th, 2022 at 178.87779
The intermediate-term trend has been UP since Jun 8th, 2022 at 178.12984
The short-term trend has been UP since Jun 8th, 2022 at 178.08927
Smart Scan Analysis for USDDJF
Based on our trend formula, USDDJF is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).