Forex Trend Analysis Report
Prepared for you on Tuesday, May 21, 2019.
US Dollar/CFP Franc (FOREX:USDXPF)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 USDXPF
The long term trend has been UP since May 1st, 2018 at 98.379
The intermediate term trend has been DOWN since Apr 14th, 2019 at 105.950
The short term trend has been UP since May 19th, 2019 at 106.410
Smart Scan Analysis for USDXPF
Based on a pre-defined weighted trend formula for chart analysis, USDXPF scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).