Forex Trend Analysis Report
Prepared for you on Monday, January 21, 2019.
Pakistani Rupee/US Dollar (FOREX:PKRUSD)
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 PKRUSD
The long term trend has been DOWN since Nov 17th, 2016 at 0.009515
The intermediate term trend has been UP since Jan 3rd, 2019 at 0.007173
The short term trend has been DOWN since Jan 10th, 2019 at 0.007156
Smart Scan Analysis for PKRUSD
Based on a pre-defined weighted trend formula for chart analysis, PKRUSD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).