Forex Trend Analysis Report
Prepared for you on Thursday, January 27, 2022.
Euro/Djibouti Franc (FOREX:EURDJF)
Strong Downtrend (-100) - EURDJF is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, EURDJF continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid EURDJF?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURDJF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURDJF
The long-term trend has been DOWN since Aug 9th, 2021 at 209.65
The intermediate-term trend has been DOWN since Jan 27th, 2022 at 201.62
The short-term trend has been DOWN since Jan 23rd, 2022 at 201.88
Smart Scan Analysis for EURDJF
Based on our trend formula, EURDJF is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).