Forex Trend Analysis Report
Prepared for you on Sunday, July 21, 2019.
US Dollar/Fijian Dollar (FOREX:USDFJD)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 USDFJD
The long term trend has been DOWN since Jul 18th, 2019 at 2.12140
The intermediate term trend has been DOWN since Jun 26th, 2019 at 2.13865
The short term trend has been DOWN since Jul 18th, 2019 at 2.12905
Smart Scan Analysis for USDFJD
Based on a pre-defined weighted trend formula for chart analysis, USDFJD scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).