Forex Trend Analysis Report
Prepared for you on Monday, August 20, 2018.
Euro/Pakistani Rupee (FOREX:EURPKR)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 EURPKR
The long term trend has been UP since Jul 17th, 2018 at 143.375
The intermediate term trend has been DOWN since Aug 10th, 2018 at 141.530
The short term trend has been DOWN since Aug 19th, 2018 at 140.060
Smart Scan Analysis for EURPKR
Based on a pre-defined weighted trend formula for chart analysis, EURPKR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).