Forex Trend Analysis Report
Prepared for you on Monday, October 14, 2019.
Euro/Fijian Dollar (FOREX:EURFJD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 DOWN since Sep 2nd, 2019 at 2.4012
The short term trend has been UP since Oct 2nd, 2019 at 2.4068
Smart Scan Analysis for EURFJD
Based on a pre-defined weighted trend formula for chart analysis, EURFJD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).