Forex Trend Analysis Report
Prepared for you on Thursday, March 22, 2018.
Australian Dollar/Fijian Dollar (FOREX:AUDFJD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for AUDFJD
The long term trend has been UP since Jan 15th, 2018 at 1.62015
The intermediate term trend has been DOWN since Feb 5th, 2018 at 1.59365
The short term trend has been DOWN since Mar 15th, 2018 at 1.57745
Smart Scan Analysis for AUDFJD
Based on a pre-defined weighted trend formula for chart analysis, AUDFJD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).