Forex Trend Analysis Report
Prepared for you on Sunday, May 28, 2017.
British Pound/Fijian Dollar (FOREX:GBPFJD)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 GBPFJD
The long term trend has been UP since Dec 5th, 2016 at 2.76445
The intermediate term trend has been DOWN since May 25th, 2017 at 2.67550
The short term trend has been DOWN since May 19th, 2017 at 2.68940
Smart Scan Analysis for GBPFJD
Based on a pre-defined weighted trend formula for chart analysis, GBPFJD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).