Forex Trend Analysis Report
Prepared for you on Friday, August 17, 2018.
Pakistani Rupee/US Dollar (FOREX:PKRUSD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 DOWN since Jul 22nd, 2018 at 0.008215
The short term trend has been UP since Aug 13th, 2018 at 0.008128
Smart Scan Analysis for PKRUSD
Based on a pre-defined weighted trend formula for chart analysis, PKRUSD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).