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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Panamanian Balboa/US Dollar (FOREX:PABUSD)
Strong Downtrend (-100) - PABUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, PABUSD continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid PABUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for PABUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for PABUSD
The long-term trend has been DOWN since Apr 30th, 2024 at 0.9945833
The intermediate-term trend has been DOWN since Apr 30th, 2024 at 1.0000988
The short-term trend has been DOWN since May 7th, 2024 at 1.0009330
Smart Scan Analysis for PABUSD
Based on our trend formula, PABUSD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.9985974 | 0.9985974 | 0.9985974 | 0.9985974 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.9999781 | 2024-05-07 21:05:09 |