Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
US Dollar/Djibouti Franc (FOREX:USDDJF)
Strong Downtrend (-100) - USDDJF is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 DOWN since at
The intermediate-term trend has been DOWN since at
The short-term trend has been DOWN since at
Smart Scan Analysis for USDDJF
Based on our trend formula, USDDJF is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).