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Forex Trend Analysis Report

Prepared for you on Friday, July 26, 2024.

Djibouti Franc/British Pound (FOREX:DJFGBP)

Bear Market Rally (-75) - DJFGBP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on DJFGBP as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid DJFGBP?

MarketClub looks at technical strength and momentum to determine if the timing is right for DJFGBP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_DJFGBP
Open High Low DJFGBP Price Change
0.00436653 0.00436689 0.00436653 0.00436689 0.00000000
Entry Signal

MarketClub’s Trade Triangles for DJFGBP

long term down The long-term trend has been DOWN since Jun 9th, 2024 at 0.00438804

intermediate term down The intermediate-term trend has been DOWN since Jul 7th, 2024 at 0.00440494

short term up The short-term trend has been UP since Jul 21st, 2024 at 0.00433156

Smart Scan Analysis for DJFGBP

Based on our trend formula, DJFGBP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for DJFGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00436653 0.00436689 0.00436653 0.00436689 0.00000000
Prev. Close Volume Bid Ask Time
0.00436653 2024-07-26 14:00:15
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