Forex Trend Analysis Report
Prepared for you on Monday, May 20, 2019.
Australian Dollar/Fijian Dollar (FOREX:AUDFJD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 AUDFJD
The long term trend has been DOWN since Dec 21st, 2018 at 1.50645
The intermediate term trend has been DOWN since Apr 24th, 2019 at 1.49915
The short term trend has been UP since May 20th, 2019 at 1.50245
Smart Scan Analysis for AUDFJD
Based on a pre-defined weighted trend formula for chart analysis, AUDFJD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).