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Forex Trend Analysis Report

Prepared for you on Saturday, May 18, 2024.

US Dollar/ (FOREX:USDCDF)

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

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.

FOREX_USDCDF
Open High Low USDCDF Price Change
2805.0 2805.0 2802.5 2802.5 -2.5
Entry Signal

MarketClub’s Trade Triangles for USDCDF

long term up The long-term trend has been UP since Sep 1st, 2022 at 2020.5

intermediate term down The intermediate-term trend has been DOWN since Apr 16th, 2024 at 2790.0

short term up The short-term trend has been UP since May 17th, 2024 at 2802.5

Smart Scan Analysis for USDCDF

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

+75
Smart Scan Analysis for USDCDF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2805.0 2805.0 2802.5 2802.5 -2.5
Prev. Close Volume Bid Ask Time
2805.0 2024-05-17 12:02:01
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