Forex Trend Analysis Report
Prepared for you on Saturday, February 23, 2019.
Euro/Djibouti Franc (FOREX:EURDJF)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 EURDJF
The long term trend has been DOWN since May 1st, 2018 at 215.91
The intermediate term trend has been DOWN since Feb 10th, 2019 at 202.21
The short term trend has been UP since Feb 18th, 2019 at 200.85
Smart Scan Analysis for EURDJF
Based on a pre-defined weighted trend formula for chart analysis, EURDJF scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).