Forex Trend Analysis Report
Prepared for you on Thursday, January 23, 2020.
Tongan Pa'anga/Fijian Dollar (FOREX:TOPFJD)
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 TOPFJD
The long term trend has been DOWN since Jan 6th, 2020 at 0.88715
The intermediate term trend has been UP since Jan 7th, 2020 at 0.90055
The short term trend has been DOWN since Jan 20th, 2020 at 0.90005
Smart Scan Analysis for TOPFJD
Based on a pre-defined weighted trend formula for chart analysis, TOPFJD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).