Forex Trend Analysis Report
Prepared for you on Saturday, January 19, 2019.
Papua New Guinea Kina/US Dollar (FOREX:PGKUSD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 PGKUSD
The long term trend has been DOWN since Sep 19th, 2017 at 0.314340
The intermediate term trend has been UP since Jan 3rd, 2019 at 0.297680
The short term trend has been UP since Jan 16th, 2019 at 0.297055
Smart Scan Analysis for PGKUSD
Based on a pre-defined weighted trend formula for chart analysis, PGKUSD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).