Forex Trend Analysis Report
Prepared for you on Tuesday, October 3, 2023.
US Dollar/Djibouti Franc (FOREX:USDDJF)
Countertrend Down (-85) - USDDJF is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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 Jun 15th, 2023 at 177.36751
The intermediate-term trend has been DOWN since Aug 6th, 2023 at 177.35695
The short-term trend has been UP since Aug 7th, 2023 at 177.72000
Smart Scan Analysis for USDDJF
Based on our trend formula, USDDJF is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).