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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
US Dollar/Papua New Guinea Kina (FOREX:USDPGK)
Long-Term Downtrend (-90) - USDPGK is in a strong downtrend that is likely to continue. While USDPGK is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid USDPGK?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDPGK.
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 USDPGK
The long-term trend has been DOWN since Apr 29th, 2024 at 3.69850
The intermediate-term trend has been DOWN since Apr 16th, 2024 at 3.78050
The short-term trend has been DOWN since May 7th, 2024 at 3.83675
Smart Scan Analysis for USDPGK
Based on our trend formula, USDPGK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.81625 | 3.81625 | 3.81625 | 3.81625 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.87400 | 2024-05-07 10:50:54 |