Forex Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
British Pound/Fijian Dollar (FOREX:GBPFJD)
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 GBPFJD
The long term trend has been UP since Sep 19th, 2019 at 2.7527500
The intermediate term trend has been UP since Jan 23rd, 2020 at 2.8528827
The short term trend has been DOWN since Jan 27th, 2020 at 2.8324314
Smart Scan Analysis for GBPFJD
Based on a pre-defined weighted trend formula for chart analysis, GBPFJD scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).