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Forex Trend Analysis Report
Prepared for you on Monday, January 30, 2023.
US Dollar/ (FOREX:USDCDF)
Countertrend Up (+85) - USDCDF is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid USDCDF?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDCDF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for USDCDF
The long-term trend has been UP since Sep 1st, 2022 at 2020.5
The intermediate-term trend has been UP since Jan 23rd, 2023 at 2030.0
The short-term trend has been UP since Jan 23rd, 2023 at 2030.0
Smart Scan Analysis for USDCDF
Based on our trend formula, USDCDF is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2040 | 2040 | 2040 | 2040 | 0 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2045 | 2023-01-24 10:31:43 |