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Forex Trend Analysis Report

Prepared for you on Wednesday, May 22, 2024.

British Pound/Djibouti Franc (FOREX:GBPDJF)

Bull Market Weakness (+75) - GBPDJF is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPDJF as it may be in the beginning stages of a reversal.

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

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

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

FOREX_GBPDJF
Open High Low GBPDJF Price Change
226.38507 226.54677 226.38507 226.49107 +0.10600
Entry Signal

MarketClub’s Trade Triangles for GBPDJF

long term down The long-term trend has been DOWN since Apr 14th, 2024 at 223.24225

intermediate term up The intermediate-term trend has been UP since May 14th, 2024 at 223.62570

short term up The short-term trend has been UP since May 12th, 2024 at 222.95078

Smart Scan Analysis for GBPDJF

Based on our trend formula, GBPDJF is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for GBPDJF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
226.38507 226.54677 226.38507 226.49107 +0.10600
Prev. Close Volume Bid Ask Time
226.38507 2024-05-21 21:51:50
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