Forex Trend Analysis Report
Prepared for you on Monday, October 22, 2018.
Papua New Guinea Kina/Australian Dollar (FOREX:PGKAUD)
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 PGKAUD
The long term trend has been UP since Apr 1st, 2018 at 0.399380
The intermediate term trend has been UP since Oct 7th, 2018 at 0.420490
The short term trend has been UP since Oct 2nd, 2018 at 0.416065
Smart Scan Analysis for PGKAUD
Based on a pre-defined weighted trend formula for chart analysis, PGKAUD scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).