Forex Trend Analysis Report
Prepared for you on Wednesday, October 24, 2018.
US Dollar/Fijian Dollar (FOREX:USDFJD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 USDFJD
The long term trend has been UP since Jun 19th, 2018 at 2.09690
The intermediate term trend has been UP since Aug 9th, 2018 at 2.11195
The short term trend has been DOWN since Oct 22nd, 2018 at 2.13680
Smart Scan Analysis for USDFJD
Based on a pre-defined weighted trend formula for chart analysis, USDFJD scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).