Forex Trend Analysis Report
Prepared for you on Wednesday, January 26, 2022.
Djibouti Franc/Euro (FOREX:DJFEUR)
Sidelines Mode (+55) - DJFEUR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid DJFEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for DJFEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DJFEUR
The long-term trend has been UP since Aug 9th, 2021 at 0.00477205
The intermediate-term trend has been DOWN since Nov 29th, 2021 at 0.00498358
The short-term trend has been UP since Jan 23rd, 2022 at 0.00495590
Smart Scan Analysis for DJFEUR
Based on our trend formula, DJFEUR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).