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Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

US Dollar/Djibouti Franc (FOREX:USDDJF)

Long-Term Uptrend (+90) - USDDJF is in a strong uptrend that is likely to continue. While USDDJF is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
178.01443 178.01443 178.01443 178.01443 0.00000
Entry Signal

MarketClub’s Trade Triangles for USDDJF

long term up The long-term trend has been UP since Jun 13th, 2021 at 178.41663

intermediate term up The intermediate-term trend has been UP since Sep 22nd, 2021 at 178.41215

short term up The short-term trend has been UP since Sep 27th, 2021 at 178.28263

Smart Scan Analysis for USDDJF

Based on our trend formula, USDDJF is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for USDDJF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
178.01443 178.01443 178.01443 178.01443 0.00000
Prev. Close Volume Bid Ask Time
178.01443 2021-10-20 07:19:49
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