Forex Trend Analysis Report
Prepared for you on Thursday, July 18, 2019.
US Dollar/CFP Franc (FOREX:USDXPF)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 USDXPF
The long term trend has been DOWN since Jun 23rd, 2019 at 104.88
The intermediate term trend has been UP since Jul 5th, 2019 at 106.42
The short term trend has been DOWN since Jul 15th, 2019 at 105.99
Smart Scan Analysis for USDXPF
Based on a pre-defined weighted trend formula for chart analysis, USDXPF scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).