Forex Trend Analysis Report
Prepared for you on Monday, November 19, 2018.
Australian Dollar/Papua New Guinea Kina (FOREX:AUDPGK)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 AUDPGK
The long term trend has been UP since Nov 19th, 2018 at 2.45770
The intermediate term trend has been UP since Nov 4th, 2018 at 2.39595
The short term trend has been UP since Oct 31st, 2018 at 2.38060
Smart Scan Analysis for AUDPGK
Based on a pre-defined weighted trend formula for chart analysis, AUDPGK scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).