Forex Trend Analysis Report
Prepared for you on Tuesday, February 7, 2023.
US Dollar/Fijian Dollar (FOREX:USDFJD)
Sidelines Mode (-55) - USDFJD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid USDFJD?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDFJD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDFJD
The long-term trend has been DOWN since Dec 1st, 2022 at 2.20125
The intermediate-term trend has been DOWN since Jan 9th, 2023 at 2.18635
The short-term trend has been UP since Feb 6th, 2023 at 2.17825
Smart Scan Analysis for USDFJD
Based on our trend formula, USDFJD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).