Forex Trend Analysis Report
Prepared for you on Saturday, January 20, 2018.
Papua New Guinea Kina/Danish Krone (FOREX:PGKDKK)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 PGKDKK
The long term trend has been DOWN since Dec 29th, 2017 at 1.93035
The intermediate term trend has been DOWN since Nov 15th, 2017 at 1.96540
The short term trend has been DOWN since Jan 19th, 2018 at 1.87965
Smart Scan Analysis for PGKDKK
Based on a pre-defined weighted trend formula for chart analysis, PGKDKK scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).