Forex Trend Analysis Report
Prepared for you on Monday, August 19, 2019.
Euro/Fijian Dollar (FOREX:EURFJD)
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 EURFJD
The long term trend has been DOWN since Jul 23rd, 2019 at 2.3769
The intermediate term trend has been UP since Aug 5th, 2019 at 2.4178
The short term trend has been DOWN since Aug 12th, 2019 at 2.4226
Smart Scan Analysis for EURFJD
Based on a pre-defined weighted trend formula for chart analysis, EURFJD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).