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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.

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 down The long-term trend has been DOWN since Jun 15th, 2023 at 177.36751

intermediate term down The intermediate-term trend has been DOWN since Aug 6th, 2023 at 177.35695

short term up 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).

-85
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 2023-10-03 13:08:39
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