Forex Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
Fijian Dollar/Tongan Pa'anga (FOREX:FJDTOP)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 FJDTOP
The long term trend has been UP since Jan 6th, 2020 at 1.1274
The intermediate term trend has been DOWN since Jan 7th, 2020 at 1.1106
The short term trend has been UP since Jan 20th, 2020 at 1.1112
Smart Scan Analysis for FJDTOP
Based on a pre-defined weighted trend formula for chart analysis, FJDTOP scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).