Forex Trend Analysis Report
Prepared for you on Wednesday, April 25, 2018.
Papua New Guinea Kina/Danish Krone (FOREX:PGKDKK)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 Dec 29th, 2017 at 1.93035
The intermediate term trend has been UP since Apr 5th, 2018 at 1.87400
The short term trend has been UP since Apr 19th, 2018 at 1.85635
Smart Scan Analysis for PGKDKK
Based on a pre-defined weighted trend formula for chart analysis, PGKDKK scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).