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.
MarketClub’s Trade Triangles for USDDJF
The long-term trend has been UP since Jun 13th, 2021 at 178.41663
The intermediate-term trend has been UP since Sep 22nd, 2021 at 178.41215
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).