Forex Trend Analysis Report
Prepared for you on Sunday, May 27, 2018.
Euro/Fijian Dollar (FOREX:EURFJD)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 EURFJD
The long term trend has been DOWN since May 4th, 2018 at 2.4607
The intermediate term trend has been DOWN since Apr 27th, 2018 at 2.4825
The short term trend has been DOWN since May 16th, 2018 at 2.4649
Smart Scan Analysis for EURFJD
Based on a pre-defined weighted trend formula for chart analysis, EURFJD scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).