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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.

FOREX_USDDJF
Open High Low USDDJF Price Change
177.72 177.72 177.72 177.72 0.00
Entry Signal

MarketClub’s Trade Triangles for USDDJF

long term up The long-term trend has been UP since Jun 28th, 2022 at 178.87779

intermediate term up The intermediate-term trend has been UP since Jun 8th, 2022 at 178.12984

short term up 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).

+70
Smart Scan Analysis for USDDJF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
177.72 177.72 177.72 177.72 0.00
Prev. Close Volume Bid Ask Time
177.72 2022-08-15 13:09:15
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