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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.

FOREX_USDCDF
Open High Low USDCDF Price Change
2040 2040 2040 2040 0
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 up The intermediate-term trend has been UP since Jan 23rd, 2023 at 2030.0

short term up 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).

+80
Smart Scan Analysis for USDCDF
Strong Downtrend Sideways 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
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