Forex Trend Analysis Report
Prepared for you on Monday, June 18, 2018.
Pakistani Rupee/US Dollar (FOREX:PKRUSD)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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 PKRUSD
The long term trend has been DOWN since Nov 17th, 2016 at 0.009515
The intermediate term trend has been DOWN since Jun 14th, 2018 at 0.008605
The short term trend has been DOWN since Jun 14th, 2018 at 0.008630
Smart Scan Analysis for PKRUSD
Based on a pre-defined weighted trend formula for chart analysis, PKRUSD scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).