Forex Trend Analysis Report
Prepared for you on Saturday, October 19, 2019.
US Dollar/CFP Franc (FOREX:USDXPF)
Smart Scan Chart Analysis indicates that the downward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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 UP since Sep 24th, 2019 at 108.77
The intermediate term trend has been DOWN since Oct 13th, 2019 at 108.24
The short term trend has been DOWN since Oct 13th, 2019 at 108.58
Smart Scan Analysis for USDXPF
Based on a pre-defined weighted trend formula for chart analysis, USDXPF scored -50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).