Forex Trend Analysis Report
Prepared for you on Tuesday, July 23, 2019.
Australian Dollar/Fijian Dollar (FOREX:AUDFJD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 DOWN since Dec 21st, 2018 at 1.50645
The intermediate term trend has been UP since Jul 3rd, 2019 at 1.50830
The short term trend has been DOWN since Jul 22nd, 2019 at 1.49375
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).