Forex Trend Analysis Report
Prepared for you on Friday, September 22, 2017.
Papua New Guinea Kina/Danish Krone (FOREX:PGKDKK)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 PGKDKK
The long term trend has been DOWN since Jan 23rd, 2017 at 2.16810
The intermediate term trend has been DOWN since Jun 26th, 2017 at 2.08725
The short term trend has been UP since Sep 21st, 2017 at 1.95010
Smart Scan Analysis for PGKDKK
Based on a pre-defined weighted trend formula for chart analysis, PGKDKK scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).