Forex Trend Analysis Report
Prepared for you on Saturday, December 7, 2019.
Australian Dollar/Fijian Dollar (FOREX:AUDFJD)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight 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 AUDFJD
The long term trend has been UP since Oct 21st, 2019 at 1.5148500
The intermediate term trend has been UP since Dec 4th, 2019 at 1.5005553
The short term trend has been DOWN since Dec 5th, 2019 at 1.4820033
Smart Scan Analysis for AUDFJD
Based on a pre-defined weighted trend formula for chart analysis, AUDFJD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).