Forex Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
Panamanian Balboa/US Dollar (FOREX:PABUSD)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
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 PABUSD
The long term trend has been DOWN since Sep 16th, 2018 at 0.994320
The intermediate term trend has been UP since Sep 30th, 2018 at 1.001370
The short term trend has been UP since Oct 7th, 2018 at 1.003245
Smart Scan Analysis for PABUSD
Based on a pre-defined weighted trend formula for chart analysis, PABUSD scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).