Forex Trend Analysis Report
Prepared for you on Monday, August 20, 2018.
Australian Dollar/Fijian Dollar (FOREX:AUDFJD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 DOWN since Apr 20th, 2018 at 1.55490
The intermediate term trend has been DOWN since Jul 30th, 2018 at 1.54030
The short term trend has been UP since Aug 16th, 2018 at 1.55065
Smart Scan Analysis for AUDFJD
Based on a pre-defined weighted trend formula for chart analysis, AUDFJD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).